Current price Litecoin is an unreliable metric for valuation, it reflects the mood of investors. If they continue to invest in popular new projects, LTC prospects will become vague. The last time the cryptonomete demonstrated a serious increase to the dollar, when there appeared a hope for mass use thanks to LitePay.
A very stable price at the moment which is staying up strongly, and each time it passes the resistance levels it jumps back above it. That shows a lot of buys happening as it gets cheaper. There is a high volume on the charts. Which shows there is a big accumulation going on.