Let's look at Litecoin for a little bit. Before this last breakout, we saw three different consolidation wedge formations, all of which resulted in bullish "breakouts" from their chart pattern in whatever capacity they were forming in. Small consolidation breakouts were small and larger consolidation patterns were larger breakouts.
Currently, we're looking at a large consolidation wedge which is almost set to converge by tomorrow evening.
Volumes have tapered off as expected and are typical in wedges.
Litecoin is sitting in a super tight range with the EMA band, yet still remains bullish.
Overall, I'm looking for some nice movement and breakouts with LTC over the next couple days. We should then see some nice healthy upside as we look to hit a range and price target near $300 (hopefully). If we see BTC begin to have some solid bluish movement as well, this will be another great sign and should help.