Aurum Markets Blog Technical Analysis Will LTCUSD have enough momentum to break resistance?

Will LTCUSD have enough momentum to break resistance?

Will LTCUSD have enough momentum to break resistance? post thumbnail image

LTCUSD is moving towards a resistance line. Because we have seen it retrace from this line before, 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 4 days and may test it again within the next 18 hours.

Supported by Upward sloping Moving Average

Target: 110.06 Entry: 104.87 Stop: 99.58

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