If you have to buy Litecoins for EURO, probably this trading idea will be interesting for you. The market moves upward in the borders of the ascending price channel. We had a good entry level based on a reversal signal in the support zone. This zone was formed by the trend line and 35.00 support level. It was our first opportunity to buy Litecoin.
Now we have a new entry level but this time we should trade based on a breakout signal. If the market breaks 40.00 resistance level, we'll have an additional confirmation for further upward movement. Pending orders for buy should be placed at 40.10 level. Stop orders must be below the local swing low and it's 31.90 level. Profit target should be at 48.50 resistance level.
Read more trading ideas here https://www.tradingview.com/u/DLavrov/
