Litecoin Trading Opportunity

The price reached the downtrend line. We have to watch closely for price action in this zone. A new swing low allows us to draw a new uptrend line. We can consider this line as a signal one. If the market breaks below this uptrend line, probably we'll see downward movement to the previous low. But if the price breaks the downtrend line, it will be a good confirmation of a new upward movement. We can place pending orders for buy at 53.50 level with stop orders below the support zone. These trades will be good for long run. The part of long trades can be closed at 90.00 level.

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