After giving up its August gains the Litecoin is still looking considering in September it failed to make a higher high. This price action bias could see litecoin retesting $40 before we could see remarkable moves either upside or a break to the downside.
Lite Coin/Usd Medium Term Bias
Since March this year litecoin managed to regain 78% of its losses and a dip experienced in September back into the 0.618% area may present a strong bias towards $56 once price breaks above a short term resistance at $47. However if prices breaks below $40 we could see a long-term bias towards March lows.