IT IS NOT LOOKINNG GOOD FOR LITECOIN , WE ARE CURRENTLY IN A DESCENDING TRIANGLE OF WHICH HAS A BEARISH TREND CHANNEL IN IT FURTHERMORE WE HAVE IDENTIFIED A SUPPLY ZONE/AREA AT THE $160,17 LEVEL WE ARE EXPECTING THE PRICE TO RETRACE BACK TO THAT LEVEL BEFORE ANOTHER IMPULSE , WHICH IS LIKELY TO HEAD TO THE $140,38 LEVEL TO POSSIBLY FORM A DOUBLE BOTTOM .