Big movement expected on LTCUSD after a breach of 59.5000

LTCUSD has broken through a line of 59.5000 and suggests a possible movement to 62.9070 within the next 3 days. It has tested this line numerous times 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.