It has been accumulating for a long time. Swing trade is possible inside the triangle wedge , but not recommended. Its the same pattern that we already observed for ETH was accumulating between $280-310 for a long period of time. Now LTC is also following the same. Its a good time to add some portion here. Targets would be >300. If the price level drops below 200 (Most unlikely) add some portion around $150-175. Good Luck :)
PS: This is just my idea please research before investing.
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News can drive the markets crazy and TAs only shows the the patterns based on the graphs not based on market sentiments. Good for everybody who got the crypto for the cheaper price.