A descending channel is close to being done, LTC/USD wants a next active bullish action as a signal of a breakout.
A descending channel can be thought of as a bullish indicator that typically signals a trend change to the upside in case if price breaks out to the the upside.
It is possible that a rangebound towards 72.5 will occur on a breakout of the descending channel as there is a chance for a upside correction.