Hi guys! This is the third part of my bearish litecoin series. As you can see on the daily chart price is very close to print triple bearish divergence. The whole lenght of the divergence is formed by ascending wedge as well. So we have several warning bearish signals. I am not saying it's impossible but litecoin will very unlikely break 60 and continue to rise. If it will this bull trap is completely invalidated and we are out of bear market. If confirmed - we will see fall to sub 40 levels again what I think is the most likely scenario here. Good luck!
-DP-
-DP-
Note
almost immediately after my warning strong price reversal has occured
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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.