LTC/USD put in a 5-wave correction down to previous lows which gave us an opportunity to take this long position.
Stops have now been moved to break even and this is a risk free trade up to the target of $154, with some resistance expected at the $150 even handle number.
This is a swing trading position however we are also trading this up on a day-trading basis, buying dips at support using simple price action and the Stochastic oscillator.