The LTC/USD chart shows a falling wedge
pattern that intersects with the uptrend line from the November 1st to December 7th, 2017. As Litecoin continues to consolidate on price it will trend slightly lower for the rest of the week with a potential breakout any time between now and January 31st, 2018. If the long term uptrend line shown is not supported, we may seek lower consolidation around $150, but I personally anticipate a reversal to a strong bull market. As the wedge
pattern continues, I am optimistic for a bull run with strong potential for a new all time high in the near future.