LTCUSD couldn't break above 65.80 and trading between 62.30 - 59 levels. Stochastic does not say much at the moment but a break below 59 will open the way to 54.80. Looking at the opposite direction, if the price can break above 62.30, 65.80 resistance migt be tested again
Trade closed: target reached:
Last time we have discussed possible scenarios for LTCUSD and we concluded that a break below 59 will open the way to 54.80 and a break above 62.30, 65.80 resistance migt be tested again. Looking at the current graph, the price couldn't break above the 62.30 resistance, however the support at 59 was broken which triggered our downwards scenario, and our target, 54.80, has been hit. LTCUSD is currently testing 52.11 support level.