The was formed on the oscillator suggesting the continuation of the long-term uptrend. While the price already looks attractive many traders could be waiting for more confirmations in order to reduce the risk. Next confirmation would be the break above the 200 Moving Average as well as the .
Upon confirmation, LTC/USD should continue moving up towards major between $290 and $310. At that point profit taking could take place or as an alternative break above, which should push price much higher, to the new all-time high.
On a downside, only a weekly break and close below the $100 psychological could invalidate outlook.