LTCUSD: Target hit. 1D Channel Down intact, expect a bigger drop

TP = 48.000 hit as following a series of weaker 1D red candles, the Channel Down (RSI = 33.778, MACD = -1.537, Highs/Lows = -2.0557, B/BP = -5.2740) issued a much stronger one that touched the 48.000 level. We are expecting a stronger bearish candle for Litecoin in the form of a Lower Low on the 1D Channel Down. Altering the TP to 43.000.