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.