With the w-pattern (double bottom) forming on LTC, in my opinion it looks like litecoin is currently riding the downward trend from its breakout (red line) before a potential break upward that might occur over the next few days.
I mentioned before some long-term trends to keep an eye out for LTCBTC, but there might be some upward potential for LTCUSD in next few days. As to whether BTC follows I imagine should help guide the direction of LTCBTC in the short term.
There of course are still possibilities of a fake out and returning into the wedge to break downward if BTC is to head significantly downward, but so far trends are looking up for LTC from what I am seeing.
I mentioned before some long-term trends to keep an eye out for LTCBTC, but there might be some upward potential for LTCUSD in next few days. As to whether BTC follows I imagine should help guide the direction of LTCBTC in the short term.
There of course are still possibilities of a fake out and returning into the wedge to break downward if BTC is to head significantly downward, but so far trends are looking up for LTC from what I am seeing.