LitecoinShort
Litecoin Short Term Bearish and Long Term Bullish
D1 - Price has reached an important resistance zone, bearish divergence
H4 - Price is holding inside an important resistance zone formed by the big and small waves we have.
The H4 resistance zone coincides with the daily resistance zone thus making this area a very strong technical resistance level.
We also have a potential bearish divergence, I am waiting for this potential H4 bearish divergence to complete first, we may then consider it as an evidence of bearish pressure.
My short term view is bearish and the long term view is bullish here.
H4 - Price is holding inside an important resistance zone formed by the big and small waves we have.
The H4 resistance zone coincides with the daily resistance zone thus making this area a very strong technical resistance level.
We also have a potential bearish divergence, I am waiting for this potential H4 bearish divergence to complete first, we may then consider it as an evidence of bearish pressure.
My short term view is bearish and the long term view is bullish here.
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