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