We are yet to see the buyers return to Litecoin. It continues to languish near the April 01 support levels of $114.706. It has not even pulled back to the 20-day EMA, which shows weakness.
We shall wait for prices to break out of the downtrend line 1 and the 20-day EMA before proposing any trades.
On the upside, a close above the 20-day EMA will push the LTC/USD pair towards the downtrend line 2.
Conversely, if prices break below $114.706, it can slide to $107.102 and thereafter to $84.706.