This trading idea is based on a breakout over a local swing high following a continuation of the upward trend. After the last rally, LTCUSD
has stabilized around SMMA50 and is getting ready for a next swing. Place your buy orders above 289.00 to confirm the upward trend and take profit at 1.618 fib (500.00). For short term traders interim profits can be taken at 370.00 level. Place your stop-loss at 275.00 in case the pattern breaks (orange boxes). This trade is especially suitable for inexperienced traders given its low risk/profit ratio. Enjoy!
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