Aurum Markets Blog Technical Analysis LTCUSD – getting close to resistance of a Channel Down

LTCUSD – getting close to resistance of a Channel Down

LTCUSD – getting close to resistance of a Channel Down post thumbnail image

LTCUSD is heading towards the resistance line of a Channel Down. If this movement continues, the price of LTCUSD could test 79.4002 within the next 17 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Target: 79.4002 Entry: 78.22 Stop: 76.37

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