Well it has just broken through and starting another major drop down. I will show the charts of BTC and LTC as comparisons.
Litecoin:
It broke through a major support line and consolidated up to that line and just broke through its consolidation pattern look for a significant move downward until it hits its next support area.
Bitcoin:
Now with Bitcoin we have seen two breakouts underneath that support now resistance line. That yellow line was a VERY important trendline so expect to see a significant move downward.
If you want my full analysis of LTC check out my previous post:
https://steemit.com/steem/@ricjames/litecoin-analysis-and-projections