Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on LTCUSD

Either a rebound or a breakout imminent on LTCUSD

Either a rebound or a breakout imminent on LTCUSD post thumbnail image

An emerging Falling Wedge has been detected on LTCUSD on the 1 hour chart. There is a possible move towards 114.4363 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

Supported by Downward sloping Moving Average

Target: 114.4363 Entry: 116.39 Stop: 119.15

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