Litecoin has been in pretty significant movement against majority of higher cap crypto currencies in past few days, strong technically symmetry was broken not long ago, sending LTC in fast quick move upwards.
Strong symmetry on Litecoin chart and the breakout suggested the rally of LTC price.
Currently the capital flows have mainly came from China into Litecoin, especially considering the update of transaction speed that Litecoin now handles over BTC gives it great edge for short term especially until August 1st.
Current price of LTC is 45 USD on many exchanges which is only few % away from its highest price ever, however market cap by now considering the increase of supply in last few years for sure bring LTC on highest point ever, which considering the update of SegWith from 2 months ago and latest Coinbase developer shifts into LTC is not a surprise.
LTC currently (was for quite a while) in new market cap high.
LTC at the moment holds strong cards against competition , lets see what future brings.
Well done to all miners that stayed in it for past 2 years scraping the bottom, looks like it was well worth it.
