DLavrov

Litecoin Buy Opportunity

Long
POLONIEX:LTCUSDT   Litecoin / Tether USD
Based on the 4H chart, we can see a new swing high which can be used for drawing a downtrend line. Also this high is a signal level. If the market breaks the downtrend line and moves above this high, it will be a signal of possible upward movement. Of course we can't be sure in it on 100%, but it will be a buy opportunity. Pending orders must be placed at 82.70 with stop below the cloud at 70.80 level. Profit targets should be 90.00 and 100.00 levels. If the market continue the uptrend, we should expect reaching these levels.

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