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price watcher LTC
the current BTC is a bullish trap, the current BCH is a bearish trap or at least before its event.
it's bouncing up from the trend line but for a bigger overview, it's forming a bearish flag.
daily chart shows good entry for long position is 1.26xxx. now you can observe or give a short position to check (small bag).
IMHO things will be like this to BTC. You can note it as reference.
My entry point was at 1.30807 I bought more when it was up and lifted SL up as my TP. You can find your own entry :)
find a good entry to get in, it's being narrowed down. I've just take a look and found it like this it's an ideal entry but still good to invest
Just my point of view: stop loss at 56.5, open tp.