This chart goes back to the Dinosaur age in crypto terms...July!
Anyways, what you are looking at is the daily chart 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 . Rsi is also oversold. COINBASE:ETHUSDCOINBASE: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.