Big movement expected on LTCAUD after a breach of the support

LTCAUD has broken through a support line of a Descending Triangle and suggests a possible movement to 49.8298 within the next 3 days. 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 13 days.