According to Material Indicators, Trend Precognition has issued a new downward signal on the Litecoin (LTC) weekly chart, suggesting that LTC is unlikely to surpass last week's high of approximately $122. The recent loss of support at the Yearly Open further validates the view that Litecoin is losing bullish momentum. This development may prompt traders to reevaluate short-term positions and monitor for further downside risk in the LTC market. Source: Material Indicators.