Trade Recommendation: Litecoin (LTCEUR)

The price broke the downtrend line. It gives us a signal that the market is going to move upward. Now the price is at the uptrend and we can expect for price reversal. Pending orders for buy should be placed above the local high at 46.70 level. Stop orders must be placed below 45.00 support level. Profit targets are 48.50 and 50.00 resistance levels. If the price drops below 45.00 support level, you have to delete buy orders and wait for new trading opportunities. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: LTCEUR
Buy: 46.70
Stop: 44.80
Profit Targets: 48.50 and 50.00

The trading signal is based on Kraken chart.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.