I think LTC has just made it's way out of the downtrend channel. I've seen a lot of charts that had LTC out of the channel already, and had the channel as more of a wedge. This parallel channel makes good sense to me, and price action responds beautifully to it. LTC broke through once before but was quickly slammed back in, now looks to have found support on the line. 
Note
potential triangle broken?Note
tradingview.com/x/XsGIvSli/after a long battle at the trend line, we finally may have the answer we're looking for. trying to close a 4 hr candleDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.