Looking at the Litecoin (LTCEUR) bar chart we could see that there is a resistance level at 40 euros. The trades are getting less volatile that usually means a break out and for the look of this chart, it might be possible a test of that resistance level, so if the price of 40 euros is reached and surpassed is really possible that we see a bullish movement looking for the next resistance level we could find, 48 euros.

Today’s trade recommendation is to buy Litecoin if its price surpasses 40 euros and take profits near 48 euros with a stop loss limit of 35 euros.

IMPORTANT: Never invest money you can’t afford to lose. Always do your own research and due diligence before placing a trade.

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Categories: Trading