Litecoin Daily Dose 3/27/19 | Bull trap likely
Litecoin is still poised for a retracement. My gut is telling me that it should be significant and you can see that buying pressure has been drastically decreasing. I’ve been continuously writing about how any new high now would likely be a fake pump and I don’t feel like I am wrong here. There is heavy bearish divergence on the 4HR which is a significant timeframe to have divergence on with MACD/RSI/Volume profile all being consistent with this analysis. VPVR also confirms that a break above $65 is very unlikely which is why I still have my short at $68 and a long at $55. Those are still the two most likely scenarios I am predicting as of Wednesday.
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