According to the analysis of CoinDesk, Bitcoin's price consolidation in a tight range continues for the eighth day, as Litecoin rallies to its highest level since May 2018.
BTC's 4-hour chart shows $8,053 is the level to beat for the bulls. A high-volume break higher could be followed by a rise to $8,500.
Meanwhile, LTC looks set to extend its recent rally as per the 3-day chart. LTC already rallied more than 100 percent in the last six weeks, so a pullback to $120 could be seen before further gains.