Orion-Markets

Litecoin at downward channel resistance

Short
BITFINEX:LTCUSD   Litecoin
Litecoin looks set to continue in its downward path. After a pullback to trend line resistance and bollinger band on the 4hr time frame a doji bar has been posted showing market indecision. With the market being overbought we are now looking for bearish price action to the lower end of the descending wedge.

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