Lower High rejection on 1W. Channel Down continuation.

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTCUSD made a new Lower High at 64.315 on the 1W Channel Down ( RSI = 37.773, MACD = -20.757, Highs/Lows = -6.4200, B/BP = -23.2780). This is also a 0.786 Fibonacci rejection on 1D. Technically 1D should make a proportional Lower Low around 45.862 (red eclipse). If the current Lower Low extension (black line) is crossed then our TP = 40.285 will be accomplished.
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