fosis

Possible correction. Triple bearish divergence on RSI

BTCE:LTCUSD   Litecoin / U.S. Dollar
The chart shows triple bearish divergence on RSI , this is a strong signal for sellers.
The price might go to lower levels to hit RSI support at value 50. After that, if nothing special happen, LTCUSD might create new all time high.
Personally I've closed LTCUSD long trade, however if my assumptions are wrong, I'm ready to get into next leg-up.
Moreover on the daily chart , we can see Three White Soldiers pattern, which indicates further uptrend move after 1-2 days of red candles.


If bulls break the resistance at the last high, we are going much higher.
If that doesn't happen we are going lower.
So far correction stopped at 50% retracement of third "soldier". Does not look too bad IMO.
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