Litecoin How to Trade

Nov 11, 2017

The price bounced from 57.00 and 59.00 levels. There is possible the chart to complete the cup & handle chart pattern. We have buy opportunity. If the market moves above 69.00 resistance level , it will be a signal of futher upward movement. Order execution only occurs if the price breaks the pattern’s resistance. Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level, attempting to get an execution if the price retraces. Stop loss orders may be placed either below the handle (~ 57.00 level) or below the cup (~ 54.00 level) depending on the trader’s risk tolerance and market volatility.

Nov 18, 2017

Trade active

Price has broken resistance level

Nov 18, 2017

Note

If the price moves above the previous high at 69.00 level, it will be a confirmation of further upward movement.

Dec 3, 2017

Trade closed: target reached