Aurum Markets Blog Technical Analysis LTCUSD approaching important bearish key level

LTCUSD approaching important bearish key level

LTCUSD approaching important bearish key level post thumbnail image

LTCUSD is about to retest a key horizontal support level near 101.0400. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Downward sloping Moving Average

Target: 101.04 Entry: 104.27 Stop: 106.0218

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