$LTC
The bullish divergence called for Litecoin has now been played out completely.
The chart is up 8% from that low we called the divergence, BUT never broke above the last high and that's weakness.
Consider this, a bullish confluence pushed hard enough but couldn't flip the last high, WHY?
• Because the push was not hard enough? not really, the chart pumped 8%.
• Because the sell pressure is stronger? yeah!
So, that makes the bullish bias weak, and bearish strong.
Rejection at the range high for LTC would be very likely, breakout would surprise me.
#CRYPTO #TRADING #BTC #ETH #MARKETUPDATE #LTC
