The price bounced from the support zone which was mentioned in the previous post about Litecoin. This zone is formed by SMA100 and 55.00 support level and it can be a starting point for a new upward movement. RSI and a reversal candlestick pattern confirm price reversal. MACD histogram supports upward movement. DMI allows opening long trades. We can buy from the market now or wait for an additional confirmation. It depends on you. If the price breaks the downtrend line, the buy signal will be stronger. Pending orders should be placed at 60.00 level with stop orders at 52.50 level. Profit targets are 70.00 and 90.00 levels. Also the part of trade volume can be left for long run.
Thanks a lot for all your comments and kind words! I'm very grateful! Just remind you, there are 2 possible variants for entry. The current prices or use pending orders. The market is bullish in long run, but short term corrections can close any long trades by stop orders. For us any correction must be used for opening new long trades but on better levels.
vh6889
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That's a great idea. Hear is my idea for LTC/USD long term, just for discuss. If everyone don't like it please don't fok me :p
overdriver
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why is this LTC/USDT ??
Isn't it USD?
Afif101
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@overdriver,
In poloniex there is no USD (américain dollar).There is only USDT (Ether).
@FilipeValentim, I think he answered this below down near bottom, read for your self but to me it sounds like he is saying if it drops back it would provide better entry opportunities , good luck.