Litecoin has been making a triangle pattern over the last couple of weeks, and now it seems it is very close to complete it. Also, it seems to be finding support near the 50-day moving average.
We need to move above $280 USD to confirm a bullish breakout of this triangle.
If we were to add the distance of the triangle to a possible breakout point of $270, it will give us a minimum price target of about $470, but I would be expecting it to a lot higher than that in the next couple of months.