Against the backdrop of overall optimism in the cryptocurrency market during November and early December, LTC showed confident growth, reaching a price level of $147.32. This was followed by a correction exceeding 40%.
Interestingly, the asset's price retraced and rebounded from the upper boundary of a consolidation range that has persisted for over two years. This range has become an accumulation zone for a significant number of participants and continues to attract new ones, as LTC is trading in close proximity to this level.
Given the current dynamics, further developments in the altcoin market could be anticipated, with the potential for a strong upward trend and a possible multi-fold growth
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