nagihatoum

LTC downward trend confirmed

Short
BINANCE:LTCUSDT   Litecoin / TetherUS
Rising wedge retest rejected, bearish engulfing candles, RSI bearish divergences.

Target of breakdown from rising wedge is $50.7, but $54 more likely bottom, must watch $57.4 because it is strong support.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.