I think the consolidation at this mental number of $300 is allowing LTC to rest as it builds strength to retest the ATH. We should see a breakout of the box and reach $420 to $450 before consolidating again for the run up. While we have seen the marketcap of LTC falter today a little due to the rise in prices of ETH and others, this should not diminish the long...
LTC has consolidated over the past few hours moving from a high of $400 to $295
I look for the start of the US trading session to move higher retesting the High of Tuesday and breaking it.
With the influx of new users coming into the crypto space and using coinbase as an onramp to enter into crypto for the first time, they will see LTC as a cheaper alternative...
