Is LTC Coin Price Getting Ready For A $1000 Rally?

LTC coin price weekly technical chart suggests a consolidated pattern in price and can soon move to a new high. The asset is up by more than 8% in the intraday session. On the daily chart, asset price is trading in an upside trending line. The upside trend of LTC might face a setback near $200 . The support of the coin in the downtrend can be seen near $100. The coin price is currently trading above the 50 and below 100 Daily Moving Average. The 50MA line of the coin price is near $130 which can act as a bounceback zone for the coin. LTC/BTC pair can also move to a new high in the future. One can invest in Litecoin according to their needs and risk capacity.