Litecoin is trading under liquidity.
Price is in the overbought RSI zone (4H TF)
At the peak of the current move, LTC formed an inverted hammer candlestick pattern (4H TF)
TD Sequential formed a reversal signal downwards (4H TF)
Price and RSI chart formed a bearish divergence at 1H and 30m Timeframes.
On the 30m Timeframe, price has broken down 50EMA and is testing the support level on the RSI chart.
I expect further price declines after it fixes under the liquidity zone.
Price is in the overbought RSI zone (4H TF)
At the peak of the current move, LTC formed an inverted hammer candlestick pattern (4H TF)
TD Sequential formed a reversal signal downwards (4H TF)
Price and RSI chart formed a bearish divergence at 1H and 30m Timeframes.
On the 30m Timeframe, price has broken down 50EMA and is testing the support level on the RSI chart.
I expect further price declines after it fixes under the liquidity zone.
