CRYPTO: LTCUSD LITECOIN BEARISH ASCENDING TRIANGLE + DIVERGENCE

Huge divergence on the LTCUSD daily timeframe as we test a critical resistance level and as we zoom into the 4-hour we can see an ascending triangle has now started to form and we're seeing a lot of bearish divergence, indicating a strong possibility of a sharp sell-off. This may be an opportunity for a buy-back at 125.

I'd be interested to know the sentiment of all viewers so please drop your comments below.

Kommentera:

Over the weekend we peaked at around 146 and this peak aligned perfectly with the descending resistance we've seen on the MACD divergence, following by a sharp sell-off back below 140 as expected.

P.S. Ignore the yellow arrow, it is not relevant to this setup.

Trade stängt: målet nått:

125.00 reached.

Kommentera:

Since 125.00 was breached, I am fully expecting this to test the $100 psychological even-number support level.