Litecoin has stabilized around $89.0 per coin after a significant drop to $86.75 on July 24. LTCUSD in moving sideways, but technically it is looking down. It is possible that the altcoin may continue to the downside once the price would hit the resistance of the downward channel at $91.30.

So, it could be interesting to consider short positions at $89.80-91.15 with a target at $84.00. Stop-loss could be set at above the resistance of the bearish channel at 93.45.