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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.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
