LitecoinUpdated LTCUSD bearish divergences
Still a bit too early to tell, but a 2nd bearish (and stronger) divergence in a week is showing up and falling wedge started forming since ~7am GMT. Currently looks like it could still break out upwards, but trend *could* be stalling/reversing...
Note
well, the temporary correction took place. now let's see if the support at 86.78 is holding on next retest. upward counter move doesn't seem to have sufficient steam and downward TL on 15M chart now turned into secondary resistance, in addition to 89.10 (upper edge of current swing zone)...Note
price went back up to 91.50 area, but bounced back on resistance w/ upward TL
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.