Litecoin Ranging Before Another Breakout??

Litecoin is ranging after a retracement. It's quite correlated with Bitcoin at the moment, unlike Ethereum which made new highs recently. It is healthy for LTC to retrace and hold a range for a bit. This is a 50% retracement from the channel breakdown, which is exactly what we can expect of bull channel breakdowns. We could retrace to $111 and still be considered bullish. But before that, we will have support at $124, $132, and $138. A burst of momentum will take us to the top of the channel at $166. We still have a bit to go before new highs after $186.