On falling volume and steady prices near the $210 level, Litecoin is poising itself to have a decent breakout to the upside if all goes as indicated. We have seen rally support hold with continuing higher lows on the longer charts.
Other cryptos in the space, mainly BTC, are in solid bullish looking formations as well, so we should see correlation and a big breakout if BTC continues to rally.
News seems steady which is good since nothing has been coming out to increase FUD.
Support needs to hold at $205 which is the recent low of the consolidation. If we break below this, I'd expect a decline in action. Resistance to the upside is $215.60. Ideally, we'll see a break of this level which should trigger a breakout.
Technical convergence of the apex isn't for another couple days, but the key levels are something to watch out for which should trigger movements.