Litecoin vs USD

Now we are in short term price descend toward $22 dollar after hitting descending trend line from recent high $37.8 and I think will hit ascending trend line from $4 low acting as resistance and will bounce upward from around $22. As for accuracy of this chart I can say that resistance in $31.40 was spot on so far till this moment, let see what happens with the rest of price action. I think next upward movement might break resistance and we reach new high price. Don't forget to keep eye on LTCBTC and $BTCE:ETHLTC chart to convert but for now stay with LTC as we don't have good ratio favoring conversion to either BTCUSD BTC or ETHUSD ETH.
Don't forget to let me know your opinions

Good luck