nagihatoum

LTC broke down from ending diagonal

Short
BINANCE:LTCUSD   Litecoin
Breakdown from ending diagonals are usually sharp and fast, but price action is taking its time going down. No major dump has occurred even though there is heavy and extensive bearish RSI divergence. It could be that LTC is very bullish. In any case the next hours is a downward correction. It remains to be seen how low it can get. Technically price should go down to $61, the base of the wedge.

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