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.