Aurum Markets Blog Technical Analysis Possible breach of resistance level by LTCUSD

Possible breach of resistance level by LTCUSD

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LTCUSD is heading towards the resistance line of a Ascending Triangle. If this movement continues, the price of LTCUSD could test 95.0725 within the next 2 days. 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.

Supported by Upward sloping Moving Average

Target: 95.0725 Entry: 92.59 Stop: 90.67

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