LITECOIN (LTC/USD) Breaks Below The Minor Trendline

Currently, the market takes some hit and so as altcoins. Today has been red almost all the altcoins but nothing significant.
Currently, LTC' has made a break below the minor trendline which will indicate that the red box below the price around $57 should start to work as a support. If this level doesn't hold and if BTC' drops more then we could see a break below the red support area and the price approaching the next support level at $55 and this is an important level. If the price reached and if it doesn't hold us then the price structure may change. This area is the last HL (higher low) formation area and if it breaks then bad things could happen.

At the moment, BTC' is on the very important area and if it gets a bounce upwards then LTC has a good opportunity to follow this move and the targets would be on the next round number at $60 and the strong resistance at $62. So, watch closely what Bitcoin do.

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