It did not move through the descending channel as expected, still it created a new move towards an accumulation period that will have the support level at 0.0110 satoshis level and the resistance around 0.0129 satoshis level. The closest monthly level sits around 0.0122 satoshis so the accumulation is building up for a future big move. If it breaks the resistance level the next level to be tested is 0.01614 satoshis and it will clearly recover the ascending channel that will resume its natural move upwards. If the newly created wedge breaks in the support level the next target is the 0.0097 monthly support level. Another option is that it could extend the accumulation period and as it gets extended it will fuel any future move. This is a very interesting time to watch litecoin and see where the markets move after this short period.