Litecoin Price (LTC) Remains In Downtrend, Bitcoin Holding $7K

Litecoin is started an upside correction from the $42.15 swing low against the US Dollar.
The price is now trading above the $45.50 resistance, but it is well below $48.40 and $50.00.
There is a major bearish trend line forming with resistance near $47.80 on the hourly chart of the LTC/USD pair (data feed from Kraken).
Bitcoin price is currently trading in a range above the $7,000 and $6,950 support levels.Litecoin price is still in a downtrend below the $50.00 resistance against the US Dollar.