Litecoin has seen some bearish pressure in the last couple of hours. This, combined with the classical bearish wedge is a recipe for a bearish move in the short term.
Since the market is generally bullish, this is a risky trade. The price could easily reverse on a moment's notice and continue the strong bull run from before. Apply proper risk management. Do your own due diligence.
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.