Litecoin (LTC) has shown a bearish trend recently, breaking through a significant support level around $73-$75. The price has retested this level as resistance and is currently trading around $59. The analysis suggests that if support at $55 holds, there's a potential for a bounce towards $65. However, the overall market sentiment for LTC remains bearish, with a break below $55 potentially leading to further downside towards $47-$50.