LTC soars, but here’s why I wouldn’t get too excited

Litecoin is pushing almost at key resistance, potentially setting up for a move higher in the next few days. However, there are key technical factors to consider. Where would a stop-loss be placed if a breakout happened today? What kind of risk-reward ratio would we have compared to waiting for the market to turn lower from resistance, trade sideways for a few days, and then move higher? That’s what we’ll explore in this market update.


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