Art_of_Trading
Short

Sellers Control LITECOIN

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
The interesting moves on LTCUSD H1 chart. There was strong bullish move (green long bar) few hours ago, but it was rejected by bears and pushed the price down. It means, there was the shift of powers from buyers to sellers. The price is going down last few hours and it means the sellers control the price at the moment. There is a major resistance level at 192; the price respected multiple times and it is more likely it will do it again. The LTCUSD already bounced backed after touching that level. I expect the price will continue going down and maintain its bearish momentum.
yes, but it is creating higher lows, which means buyers gaining confidence
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