Short term bearish divergence Ltc/USD
Updated
Litecoin has had an amazing run out of the abyss... I think all of us LTC holders are happy to see it. It's looking like there might need to be a slight correction to reset the oscillators. Check out my other charts, theres bullish divergence on HTF on both LTC/USD and LTC/BTC as well as LTC.D so this might not end up playing out...but it wouldn't surprise me to see LTC take a breather here. I'm not short, I wouldn't dare go short LTC in an uptrend until we're in the 4 digit territory.
Note
This idea could easily be wrong...I hope it is. We're in a bull trend...Fuck bears.Note
Look no further than early November when it looked like we could have been doing the same thing...just to go higher and create higher levels of positive momentum. Until positive momentum starts to wane along with the price continuing to rise we shouldn't expect much of a pull back. LTC has been chewed up, slapped, and spit on for too long
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