Litecoin When to Buy

Let's think about possible price movements of Litecoin using Ichimoku indicator and levels. We can see that price is going to pass through the kumo. ADX line of DMI indicator rises to 20 level and it can be a confirmation of a new down movement. If price breaks 44.00 support level, we'll be able to see falling to the support zone between 35.00 and 32.00 levels. This zone will be interesting for opening long trades with stop orders below 32.00 support level and profit target at 55.00 resistance level. Also, we have one more variant. If price returns above the kumo and breaks the downtrend line, we'll have confirmation of possible up movement and a new buy signal with profit target at the resistance level.