It currently looks like LTC has managed to breakout the support line of the descending triangle, this is not good for the future price of this pair, as the analysis is starting to look very bearish. We see that this pair has been moving for a long period of time creating this triangle and it has finally broken out, I think the price would retrace back to the broken support, if this does happen and the price bounces off the broken support and it starts to act as a level of resistance then this is a very good entry point for a short trade.