LitecoinShort
The opportunity to short LTCUSD has finally come
The recent market bull run is just an abc pattern correction wave beginning in December before the final dump, now finally it's coming to an end.
For LTCUSD pair, it is now entering a heavy resistance zone, where the free fall in Nov starts, roughly 50-55 dollars.
Daily time frame RSI and volume are both losing momentum at the same time, forming an evident bearish divergence.
I still hold the opinion that, BTC 3100 dollars is not the bottom, instead, it is a retracement level before heading to 1500- 2000 dollars. Then there is no way or any solid reason for LTCUSD to go further and shoot through such 50-55 dollar sell wall. So short it !
I wouldn't be surprised it would go little bit sideways or even form a head and shoulder pattern before going down officially, so only engage with low leverage, 2x-3x, good luck shorting!
Price Target: 30 dollars to be conservative, 20 dollars to be aggressive.
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