LTC rejected by 200 ma on 1 hr, Bearish harmonic formed

broke out of channel but formed a broadening falling wedge. A lot of mini pumps, but not impressed, still in the same trading range since the 16th. this trading range formed a bear a pennant. Bolinger bands getting tight. Longing here is inadvisable. Potential to drop to $49 very likely. Potential target $45, bear pennant target.