LTC seemed to have formed a double top
pattern and could not break through the 0.02 resistance. It broke down the neckline of the double top
(blue trendline) which has now become resistance. If LTC is unable to break this line, I think we might be going down to at least the blue box, but a deeper retracement might be possible as well.
On the other hand, LTC also has support from the yellow trendline and has suprised most of us last week with its immense pump. So it could still break through the neckline to retry the 0.02 resistance again.
Will keep an eye on it, for a potential trade.