So I suppose we have at 221$ level as the price bounce from it for 2 times, also we can speak about local resistance that is demonstrated with black line on the chart.
So my idea is to open Long position and buy near 221$ level for TG1 on 246$ (I do not think that Litecoin will go up further during short term), just in case further up trend lets make TG2 and TG3 on 275$ and 310$.
According my opinion stop loss should be on 216$, cause on this level will be broken and we will see down trend next.
As I said this is Short Term (1-2 days) strategy and I do not think that we go further by Local Resistance Line, that is why the stop loss level is not so deep.
One more thing I suppose that in this trade I set very tight Stop Loss level, also my trade has some difference with this one, as the chart is from Kraken and I trade on Bitfinex. On Bitfinex my stop loss was reached, on this chart not. During typing this comment (18:15), 216$ is Bitfinex price and 223 is Kraken price. Miracle, maybe...
It's night in Moscow, so I set trailing stop order and go to sleep.