At the moment, litecoin is breaking two support levels — the 50 (in orange) and the breakout level of the pattern (pink dashed .) We can see that sell-side momentum is increasing on the , indicating expanding downward pressure. If LTC doesn't quickly reverse to the upside, it's likely that we're looking at a failed breakout of the pattern. There is support just below, at the rising dashed grey . A break below that, is likely to send bitcoin back down to the 200 (in purple,) which corresponds with the level. I will be looking for a bounce off of support, with a cross on the , before taking interest in long-side trades.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***