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Big movement expected on LTCUSD after a breach of the resistance

LTCUSD has broken through a resistance line of a Channel Down and suggests a possible movement to 48.4175 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.

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Be very careful of upcoming volatility. We expect a $0 movement on 6A.

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We expect a $130.135 movement on USDCHF within the next 2 hours.

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