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

Possible breach of support level by LTCUSD

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LTCUSD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If LTCUSD continues in its current trajectory, we could see it reach 122.1414 within the next 6 hours.

Supported by Downward sloping Moving Average

Target: 122.1414 Entry: 125.5 Stop: 128.84

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