Litecoin Buy Signal

Price bounced from the uptrend line and RSI confirms price reversal. We have a possible buy opportunity. If the market breaks the top border of the descending price channel, we'll have a confirmation for further upward movement. Based on the local swing high from the hourly time frame, we can place pending orders for buy above 43.80 level. Stop orders must be placed below 38.00 level which it the local swing low. Profit targets are 50.00 and 55.00 resistance levels. Also you can leave a part of buy positions for long run.