LTCUSD: Buy Opportunity

Here is a possible buy opportunity. If Bitcoin continues the upward movement, the LTCUSD market will be able to follow the main coin as well. If so, we have to wait for an additional signal confirming the upward movement. The price is below SMA100 and the local downtrend line. If the price breaks this resistance zone, it will be a bullish signal.

Entry Price: above 55.40
Stop Level: below 51.54
Profit Level: at 61.70

Risk per trade must be no more than 5% of your capital. If the price drops below 52.00 support, the next buy opportunity will be from SMA200.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.