Aurum Markets Blog Technical Analysis LTCUSD – getting close to psychological price line

LTCUSD – getting close to psychological price line

LTCUSD – getting close to psychological price line post thumbnail image

LTCUSD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 6 days and may test it again within the next 2 days.

Supported by Upward sloping Moving Average

Target: 116.68 Entry: 115.25 Stop: 113.9269

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