Trade Recommendation: Litecoin

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The price is going to bounce from 50.00 support level. RSI confirms price reversal in the oversold zone. MACD histogram supports upward movement. The current levels are good for buying. Pending orders should be placed above the high of the signal bullish candle. It’s 53.80 level. Stop orders must be placed below the support at 48.80 level. Profit targets are 60.00 and 70.00 resistance levels. If the price drops below 50.00 level without activation buy orders, it will be better to delete these orders and wait for a new trading opportunity. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.

 Market: LTCUSD Buy: 53.80 Stop: 48.80 Profit Targets: 60.00 and 70.00

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