1.) There is a really strong pattern. It looks like it is a possible eve and adam , where the first bottom is more rounded and the second bottom is more of a sharp "V" shape. The buy picked up really well especially after the candle stick that occurred on the second bottom, and there is really a strong daily occurring in the . However, a divergence does not always mean that the trend is over, and it may pick up in the direction, the weekly still looks extremely weak and it as well as bitcoin may hold Litecoin's price down. The confirmation line is around 68 which means that the price would have to cross that on extremely high to indicate a change in market direction.
2.) Litecoin may also get rejected at the orange , which is the second of my second fan principle that I have created for litecoin. At this point I do believe that it is possible to see three different fans occurring. In addition when litecoin hit 50, it did not hold its ground so well despite being such a strong support which does indicate weakness.
3.) Finally bitcoin's dominance is increasing, and during a bear market like this, it can signal both a flight to safety and people exiting the market, so an analysis of these alt coins even the top ones, may not always indicate market direction especially since they have less than 50% market dominance.