InvestingScope
Short

Scalping continuation. Still short medium-term.

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Litecoin is extending the Rectangle pattern from 4H to 1D ( RSI = 47.896, CCI = 1.8149, Highs/Lows = 0) completing a full month of sideways trading within 72.665 - 90.190. We continue to take advantage of this scalping pattern, but reserve most shorts for the lower TP1 = 70.855 and TP2 = 49.508 (November 02, 2017 bottom). Despite this neutral action on 1D, the 1W chart on LTCUSD remains a strong bearish channel ( RSI = 40.698, MACD = -14.881, Highs/Lows = -19.2207, B/BP = -35.6540).
High quality signals (http://www.investingscope.com) for live buy/sell opportunities on a variety of financial assets.
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