With coinbase being the top #1 app on iphone and new people coming in, the price of LTC keeps rising. While technology wise there is not much of an advantage, the price has a big psychological influence. Accessibility is the highest, because of coinbase. This is why LTC currently has advantage over better technologies like Dash. I would like to remind you, that there is a lot of FOMO going on right now and people are greedy as fuck. They will go for whichever coin gives the most return. If only 10% of BTC marketcap would flow into LTC, wthis would result in several hundred percentage price increase.
We see that LTC bounced from 160 Level to 0.5 FIB. We went under the and cooled down. Currently we are overextended on both these indicators. Next psychological barrier is 200 and same retrace would bounce to last ATH at 160. From there we enter our long until 240 (+50%) with stop loss at 130 (-20%) which is a nice 1:2.5 trade opportunity.