LTC just experienced the Halving event. The current cycle is repeating methodically the 2015 sequence and so far we have reached the point where the 1D MA200 is supporting. This MA period previously held throughout 2015 - early 2017 up until Litecoin initiated its super strong rise to the mid 300s peak.
There is no reason to expect something different this time. Unless we see a major divergence below the 1D MA200, I expect this level to attract buyers and give sporadic spikes on a lengthy consolidation until the next super strong parabolic rise that should come through massive adoption.