LTCAUD is heading towards 109.8300 and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supports and resistances are primary concepts of technical analysis. LTCAUD is heading for an important price of 109.8300 – read about what this could mean for the future.
