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Yea, really wondering what's happening there.

Pretty standard, there was a lot of belief in Litecoin, and people were just waiting for the next bull run. It finally happened and they finally got it to its all time high. After the hype started to die down, the currency just started to consolidate at a price that people found fit. I would expect Litecoin to maybe go down a bit more, or just hold this current price before going up again.