LTCUSD Not all is bleak

although the stated next fib is around 55 and next support at 52, looking at the channels we can see that current breakdown from the ascending channel reached it target. Target coincide with the upper rail of the descending channel, meaning that the price action retested the previous descending channel that it broke out of and can bounce back up.

But everything depends on BTC and if BTC dumps further we can see LTC dumping to around the 52 support.