Litecoin
Short

Final target hit. Expecting a minor correction. Short overall.

391
TP2 = 49.508 (November 02, 2017 bottom) hit as the 4H Channel Down (RSI = 50.175, MACD = -0.915) on Litecoin aggressively reached its exhaustion point. We now expect LTC to follow the tight bands of the larger 1D Channel Down (Highs/Lows = -3.0979, B/BP = -10.6080), which still hasn't made a proper Lower Low. We expect 67.00 at best as a Lower High and then test again of 49.508 followed by 33.195 (September 15, 2017 low).

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