Litecoin Buy Signal

Price bounced from the strong support level. RSI and a candlestick pattern confirms price reversal. We have long opportunity and it's logical to buy above 39.50 level with stop below 32.00 level. Probably the market will make a new attempt to reach 50.00 level. Our profit target should be near this resistance level. Long trades can be opened based on the trading signals from the daily and the hourly charts.

Comment:

Litecoin can drop to 34.00 level.