LTCUSD: Channel Down intact. New Low expected. Short.

Litecoin follows the exact trading bands of the 1D Channel Down (MACD = -1.407, Highs/Lows = -0.3979, B/BP = -3.0000) as it is on a controlled decline on every 1D candle, comfortably held below the Lower High trend-line. 1W remains on a strong bearish pattern (RSI = 36.514) and once 49.500 breaks the next Lower Low should be neat 43.500. We are still bearish on LTCUSD with TP = 48.000 and 40.285.