It looks like Litecoin is rubbing against the bottom line of the trend that has been trending upward since the latest low of $152 and hence is forming a wedge (orange lines) since the latest high at $246. This is one of the better wedges that has been forming from what I have seen due to the fact that it is against the latest high and low since the BTC dip in February.
In addition there is also some nice hidden bullish divergence happening (orange lines on RSI), which might help give LTC a boost upward once again. Either way, should be interesting to see if LTC bounces in the current wedge and potentially breaks out or if LTC continues downward but still into an upward channel (white lines).
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