The price bounced from the uptrend line and moved above the cloud. The new high is a good level for placing buy orders. If the market moves above 59.00 level, we’ll have a confirmation of further price movement. DMI shows that bulls become stronger and we can expect new highs. Entry is 59.00 level with stop orders below the local swing low at 53.50 level. Profit targets are 70.00 and 80.00 levels. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.
Market: LTCUSD
Buy: 59.00
Stop: 53.00
Profit Targets: 70.00 and 80.00
The trading signal is based on Poloniex chart.