Contrary to other cryptocurrencies, Litecoin traded quite positively and skillfully yesterday.
The evening growth forecast within the sideways range of 171.25 - 186.48 perfectly coincided. Moreover, the quotes of the LTC/USD pair broke through the resistance level of 186.48. So analyzing the hourly time frame, a technical confirmation of this level as support can be observed. Now, we should expect an upward movement to the horizontal of 205.84. However, we should wait for this pair to consolidate above the previous day's highs first.
If we assess the current situation, there is a risk that the LTC/USD pair may consolidate above the level of 186.48. And even despite the technical upward rebound, there is a possibility that the breakdown may turn out to be false. Therefore, it is necessary to place a stop loss when buying deals.
