Litecoin Entry Level

The price bounces from the main uptrend line and 42.00 level. RSI confirms price reversal. We can expect for further upward movement. Pending orders for buy should be placed above 43.70 with stop orders below 41.00 level. For short term trading the profit target is at 50.00 resistance level. Also the uptrend line is good for buying and holding positions in long term. If the market breaks this support zone formed by the uptrend line and support level, we'll see downward movement to the next support level.