Litecoin Daily Dose 3/25/19

26 Mar 2019

In my last post I had mentioned that Litecoin is still ripe for shorting. I would be very surprised if we don’t retest $55-$56. There is strong bearish divergence right now with every successive move up sporting decreasing volume while MACD and RSI confirm this as well. The confluence is strong. I would not place a short here because it might be too late. I am still confident that every move up is bad for those in a long position because even if we hit $68, each move would have low volume that would only add to bearish divergence and would create an even bigger drop.