Trade Recommendation: Litecoin (LTCEUR)

If the price passes through the cloud and 45.00 resistance level, we’ll get confirmation of further upward movement. It will be a new buy signal with entry level at 45.10. Stop orders should be placed at 44.30 level and take-profit orders at 46.50 and 47.50 resistance levels. If the price bounces from the cloud and drops below the uptrend line, it will be better to delete the 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: 45.10
Stop: 44.30
Profit Targets: 46.50 and 47.50

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.