It's entirely possible this is going to break down -- the top lines up perfectly with our $252 resistance line on the daily:
But even if it tanks from here? I'm feeling pretty good about the consolidation. Means we have another target going forward, and another floor if we go up.
Next major point after 252 will be 288. Followed by the psychological 300.
In case of a big fall we're still supported by 209-212. I'm not a betting man, but I don't expect to see under 200 soon.
Here's where we see if LTC' has gained some autonomy from its big brother. If ~209 proves to be a strong resistance then you can expect to see LTC' start to diverge from BTC' the same way ETH' does. If not? Well we'll still be coupled at the hip.
Welcome to a new age -- LTC is starting to act independently. This is a great sign for those of you who believe in this coin.