Anyways, what you are looking at is the of litecoin in ethereum terms or simply ltc/eth. We have bounced off the long trend 4 times now and the one time we went through it resulted in a very nice recovery . is also oversold. COINBASE:ETHUSD COINBASE:LTCUSD
I dont expect most people are trading ltc/eth but it is very useful when deciding what to buy on coinbase, gdax, or any other exchange.