LTC broke out of the symmetrical triangle that started forming in late January, this is very bullish for LiteCoin and we might see it climb towards a new 2021 high. Looking at the LTC/BTC chart, we can see that it's at a its very lows, and the last time the price was at this level in 2017, LTC had a bullish run.
Mapping the Fibonacci levels we can see the price bouncing off the 0.618, 0.5, and recently 0.382, and is now headed towards the -0.27 fib level where the target is around 300 per coin. Daily MACD has also turned bullish which signifies a bullish momentum building up.
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