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Litecoin: The Key Levels and How to Trade

KRAKEN:LTCUSD   Litecoin / U.S. Dollar
If the price can stay above the support formed by 45.00$ and SMA200, the market will be able to move upward. The breakout above 50.00$ resistance and SMA20 will confirm the strength of the buyers. It will give a new trade opportunity with stop orders below SMA200 and the profit target at 65.00$ resistance zone .

If the buyers can't push the price upward, we should be ready to see a breakout below the support zone . It will give a solid bearish signal. The market will be able to retest 30.00$ and 20.00$ support levels.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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Comments

Pretty similar to my analysis, I'm buying at 46$ most probably.
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VeryNiceWork
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