On January 14, the Litecoin price broke out above the descending channel it had been trading in since August 14, 2019. Until the price breaks out above its 200-day moving average (MA), we cannot confidently state that it has begun a new upward trend. Litecoin Price Highlights The Litecoin price broke out from a long-term descending channel. There is resistance at ₿0.007 and