LTCUSD: Bearish signs, looking for small correction

LTCUSD looks to be testing the 200 Day EMA for the first time in 291 days. Given that LTCUSD has been on a 50% bull run with little to no retracement makes me believe we might see a rejection, with a small correction following.

Elliot wave is showing that we are completing our 5th way on a 1 day chart.

I have also shown a bearish divergence forming, which means we are losing strength.

We are also testing the trend line of our channel we are currently in.

A move down to $40 ranges looks very probable.