Litecoin Trading Opportunity

The price bounced from 64.00 support level. RSI confirmed price reversal. MACD supports upward movement. Moving Averages move in different directions and it tells us about range market conditions. ADX line of DMI indicator falls and confirms that the market consolidates. Based on the previous highs and lows we can draw a triangle chart pattern. Triangle can be a continuation chart pattern. For this the market will have to break the resistance line of the triangle. We can place pending orders for buy above this resistance line. Also it's a possible to place pending orders for buy above the previous high, it's 72.00 level. If you want to continue building long positions, the current levels are good for buying for long term. Stop orders must be placed below 61.50 level. The main profit target is 90.00 level.