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Litecoin retreated a little in the short term, but the buyers are still in the game. BTC/USD's growth should help the altcoin to jump higher as well. LTC/USD is trading at 89.12 at the time of writing and it seems undecided.
In the last 24 hours, LTC/USD is up by 1.49% but it's down by 1.00% in the last 7 days. After its strong growth, a temporary drop was natural. The rate could reach and retest the immediate downside obstacles before jumping higher.
Technically, the altcoin dropped a little, developing a flag pattern. This could represent a bullish formation. Still, the pattern is far from being confirmed.
In the short term, LTC/USD could move sideways between 85.78 and 93.36 levels. Escaping from this pattern should bring new opportunities.
A valid upside breakout from the flag and range pattern may announce an upside continuation. This is seen as a buying signal.
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