jimmycdn

LTCUSD - very intriging sytuation...

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Very interesting situation on LiteCoin. This is very unique situation where few formations confirm same incoming price direction.
Momentum remain on strong side of price changes, but Divergence shows incoming correction and three TL’s confirms that as well.
In the next steps if price break trough line 0-4 then we will have strong price rise up to resistance level of 112.5.
At this time, we will observe how the situation will clarify.

Cheers,
Jim
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