Channel Down intact. Searching for a new Lower Low.

Litecoin moved towards a new Lower High on the 1W Channel Down (RSI = 39.120, MACD = -20.406, Highs/Lows = -0.7029, B/BP = -18.8380) delaying the expected decline on 1D. After 4 straight 1D bearish candles, the recent minor bullish momentum on 1D (MACD = 0.882) is expected to shift but 54.270 needs to break, otherwise it will stay just neutral and may break the Channel Down sideways. We expect the decline to take place by next week the latest and remain bearish with TP = 40.285.