Litecoin Litecoin has been showing a downtrend since the beginning of the day and continues to stay within a descending channel on the H4 chart. The MACD indicator is in the positive zone without clear signals, while the MA arrow points upwards. In this context, there is a presumption that sales seem more probable, and the cryptocurrency can be expected to reach the level of 117.52. If it breaks through, it may head towards 110.29. There might be a pullback around the 132.81 mark, but after the correction is complete, the decline is likely to resume.
