Litecoin prices are going down for several month. The coin has formed a triangle pattern on August 4, and is going to leave it very soon. LTCUSD prices have hit two highs and two lows inside the triangle signaling further down. If a global downward trend is considered.

Short trades cloud be initiated if the price breakthrough the area of 81.56-81.98 with a target at 79.20, which is the low of June 21. The stop loss could be set above 83.30, the high of August 7.