Litecoin Establishing Value

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Litecoin has shown considerable momentum, more so than most other cryptos at the moment. We have broken through $158, and even tested $169. Although we seem to have rejected $169, it does seem that LTC is establishing value between $158 and $169, so this should be a good sign to LTC bulls. If it was not comfortable with these higher prices it would have swiftly returned to comfort in the low $100's. Anticipate a bull consolidation pattern before LTC breaks out to $174.