If the traders purchased the bounce off the support at $0.175 as suggested in the previous analysis, they can keep a stop-loss of $0.173.
The 3rd-ranked cryptocurrency on CoinMarketCap will show strength if the bulls can carry it above the downtrend line.
Above this level, a move to $0.22504 and then to $0.23612 is possible. Traders can trail the stops higher as the price moves up. Conversely, if the price turns down from the downtrend line and plummets below $0.17372, a drop to $0.14 is possible.