Litecoin (LTC) prices are sliding towards the support at $80.00 per coin. It would be no surprise in the normal situation of uncertainty, but this is happening just before halving of the altcoin on August 2. Halving has mostly positive effect on coin prices before the event, and a 20-40% correction after it. But Litecoin prices are likely to dive below the lower margin of the ascending channel and may even fall towards $20.00 per coin.