Litecoin broke the 1D Channel Down (MACD = -4.497) sideways (RSI = 46.905, ADX = 30.170, B/BP = 6.7780) creating the conditions for a short term scalping approach within a 72.845 - 89.175 Rectangle on 4H under high volatility (ATR = 1.6479). 1W however remains a strong bearish Channel (RSI = 40.579, MACD = -13.426, Highs/Lows = -22.7214, B/BP = -54.3200) so scalping will only be temporary. The targets on LTCUSD remain 70.855 and under circumstances, the November 02, 2017 bottom = 49.508.
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