LTCUSD has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 8 days and suggests a possible target level to be around 65.6541 within the next 2 days.
After testing support twice in the past, LTCUSD has finally broken through. Can we expect a bearish trend to follow?
