LTC/BTC still inside channel started in April. As bitcoin raises, most alt-coins will naturally fall in corresponding BTC value. I think we are all surprised that LTC did not respond reaching SegWit activation period. But don't panic, all is still well.
How you can see btcusd okcoin futures in a channel, between Murrey's line 4/8 and 6/8. Daily MACD under zero line its still bearish. Break up or down the channel will be powerful!
If you are a trend following trader, find instruments and timeframes that satisfy your trending criteria and just follow the signals. But remember: consolidation period can be brutal to a trend following strategy. Also, the longer the trend, the greater the chance for a reversal. With that in mind, make sure you apply proper money management.
BTC is lil weird to trade right with the ETF news. But here's the plan : a short before breaking the bull flag. I wanted to make this shorting 2 hours ago, anyway, now I'll wait for the long entry :) If you venture into the shorting, no need to remind you to watch out for upward breakout, in which case, long all the way ! Good trading lads.