Description
⋅ Litecoin seems to have formed a descending triangle on the hourly chart. However, prices haven't broken the 0.5 fib yet.
If this level is broken, we can see the price dropping to around $152. Next support is at $146. MACD is looking bearish too.
However, a positive development in BTC can reverse this. I am neutral on BTC at the moment.
Just an idea. Please do not trade on this. DYOR.