Litecoin

Correction almost over. Limited upside potential. Strong short.

487
Following last week's 49.500 Low, the expected minor consolidation on LTCUSD was delivered on a neutral 4H action (RSI = 52.543, ADX = 22.874). The commanding trend is still bearish on a 1D Channel Down (RSI = 38.919, MACD = -5.279, B/BP = -3.9440), which has so far narrowed the price action to a Falling Wedge (neutral ADX, Williams, CCI, Highs/Lows). Any uptrend attempt is limited to 66, and we keep our bearish sentiment on Litecoin with TP = 49.508 followed by 33.195 (September 15, 2017 low).

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