Personally, I would wait to buy up to 175 ...
LTC/USD
We had advised on long positions in Litecoin if the breakout sustains above the $175 levels. However, for the past three days, the bulls have been struggling to clear the 20-day EMA hurdle.
If the price breaks out of $175, it will clear the resistance from the 20-day EMA, the downtrend line, and the horizontal line.
We believe that this is a significant development. That’s we reiterate our recommendation to initiate long positions if the LTC/USD pair holds above the $178 levels for four hours.
The stop loss for the trade can be kept at $130.
On the upside, $200 is resistance. If the cryptocurrency struggles at this level, we should close the position or tighten the stops.
Once the bulls break out of $200, we might see a rally to $307.
https://steemit.com/cryptocurrency/@zorge13/price-analysis-feb-12-bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-neo-eos
Thank you for your comment and perspective!
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