LTCUSD it is

Analysis update:

Trend channel confirmation

The price is still moving within an ascending channel. The top of the channel has been retested and rejected, indicating a possible correction.

Risk-Return Setup

The red zone above the current price suggests a stop-loss level. The blue zone below the price indicates a take-profit area, which indicates a downside trade indication.

MACD Indicator

The MACD lines show a possible bearish cross.Histogram shows declining bullish momentum, which could indicate an impending decline.

Volume Analysis

Volume seems stable, but without strong buying pressure. This supports the idea of ​​a possible correction.

Important Price Levels

Resistance: 139 USDCurrent rate: 133.52 USDSupport: 124-111 USD

Conclusion:

The price seems to be at a turning point within an ascending channel. The indicators point to a possible downward correction. If the price does not break above the resistance, a drop to 124-111 USD could be possible.