Litecoin
Short

Near a Lower High. Upside limited overall. Short.

481
LTCUSD is now attempting to price a Lower High on the 1D Channel Down (RSI = 45.909, MACD = -3.556). If the break-out upwards takes place (circle between the blue curves), then the price will approach the 68.760 - 73.025 1W Resistance for a first test of trend preservation. As long as 1W remains bearish (MACD = -20.930, Highs/Lows = -15.6164, B/BP = -42.1900), we will continue to pursuit our lower short targets on Litecoin: TP = 49.508, 33.195 (September 15, 2017 low).

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