Litecoin's Bounce does not break the descending trendlne

Litecoin's Bounce does not break the desceding trendlne
THe MACD is in a bullish phase and the Stochastics in overbought area. The price bounced off of the $78.5 resistance. A break above that level may carry the price to $83. A close below 75,75 would signal more drops.