LTC still in downward trend. Key level is (1), a close above this level would breach the upper parallel of downward pitchfork and create a new higher high, indicating a likely further move up. Should resistance at (1) hold, further move down is expected towards support at 4H 200 EMA.
@CHagans94, yes indeed, however, it wasn't a convincing break and no new higher high has formed. Upper parallel is now support as well as 4H 100 EMA. If a new higher high forms, further move up is expected, till then we are in sideways range. Also keep in mind various BTC forks planned before new year could have an impact on alt prices.