The price bounced from the bottom of the price channel and moved upward. Long trades opened based on the previous buy signal are in profit. Now we can think about new entry level for adding more volume. This trading idea is based on a breakout signal. If the market breaks 55.00 resistance level and moves out of the price channel, we'll get confirmation of further upward movement. MACD supports such movement and DMI tells us that bulls become stronger. Pending orders for buy should be placed above the resistance at 55.50 level. Stop orders can be placed below the support at 49.50 level. The main profit target is 90.00 level and the part of volume should be left for long run.
The previous rally to 90.00 was due to the lightning network.
cryptomizer
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Dear Lavrov, Thank you for the chart. RIGHT ON TIME!
DLavrov
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@cryptomizer, Good luck with this trade my dear friend )
Darkys
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@DLavrov, Do you think its still actual to get in on 55.5?
monsRUS
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Proizoshel horoshiy otskok po ltc i btc , strategiya prezhnyaya? Napishi v telegram kanale , vse zhdut
bultbtc
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Thank you mr. Lavrov! I made a great profit on this market using your analysis!
What do you think about LTC/BTC market? It showed us a good upward movement today. What's next? Retrace to support level 0.010 or upward movement to higher resistance levels?
Morphmine
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Good job. Like your overall strategy.
davidchn
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Thank you for sharing i learned a lot from you
Gaengphed
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Thank you Mr. Lavrov. Just started trading. Looking forward to 80-85 USD on this one :-)
schroor
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Good advice Lavrov! I like reading your updates, keep up the good work! and for now: Go Litecoin haha!