The Bulls are Marching to The Slaughterhouse

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC has performed really well in the past month. This might lure the buyers and the late moonboys try to long LTC, thinking they should jump in and buying this dip. However, it looks like the push to the upside is getting weaker and the more it tries to go up the more it paints its own doom.

A clear Bearish Divergence is on play. The price keep trying to go up and the volume keeps decreasing in the rising wedge . Bulls are marching to the slaughterhouse.

This is a red flag for me to buy LTC. A heinous move is looming here. A dump is inevitable.
Trade active: Stronger bearish divergence. LTCUSD is right at the tip of the rising wedge.


Please take a look at our LTC signals and leave your comment about your ideas:

1. Feb 7: LONG at 33$

2. Feb 21: SHORT at 51$

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