Price is consolidating the in recent days on litecoin. We are going to look at the daily and weekly charts to see why this is actually a very good thing for longer-term upside.
Daily Point of View
Looking at the daily chart we can see ltc is now consolidating at the 108-110 area. The level that was a prior resistance. This price action is constructive as essentially price is forming a bit of a stair step pattern (though the price moves did pullback some first)
Only the daily chart it does not look like price is extended and most bulls are probably thinking,
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