Litecoin Trading Idea

Let's look at the daily chart and find possible entry levels for trading in this market. We see the up trend and a new attempt to break the resistance level . On lower timeframes we can have reversal signals from 39.00 level. It's short opportunity and we can open short trades with profit target at 34.00 level and the uprend line. As for long trades, we have to wait when the market drops to the uptrend line and we get a reversal signal confirmed by RSI . Long trades will be opened based on the hourly and the daily charts . Profit target for long trades should be based on round numbers.

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Source: https://www.tradingview.com/i/MQN0ItBB/
Author:DLavrov

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