In the previous Litecoin price technical analysis Something Big is Coming!, we touched upon the triangle pattern formation, a breakdown from which is expected to resume the downtrend that the cryptocurrency is in. Litecoin is currently trading at $2.812, barely higher than its previous observation of $2.800. Image: https://www.tradingview.com/x/7UXTOXdI/ As Litecoin tests the patience of the market participants for another day, I would advise them to hold tight as an immediate breakout from the pattern is imminent. Litecoin Chart Structure – Not much has changed in the chart structure except that the range has contracted even further (see the chart above). Moving Average Convergence Divergence – The downward Signal Line can be seen closing in on the flat MACD,…