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
= 40.698, MACD
= -14.881, Highs/Lows = -19.2207, B/BP = -35.6540).