LITECOIN: Pull back expected and Next Halving

Litecoin has had an amazing rise lately, however there are signs of Bulls exhaustion these days.

By
one side, LITECOIN seems to have completed the 5 waves rise in a very
consistent manner, by the other, Volume has decreased dramatically with
each Higher high, which is again a sign of exhaustion.

Also, as I said a few days ago, the “relative Strength Index” shows a clear downtrend.

Both, volume and RSI seem to indicate a clear “Bearish Divergence” here, so, why not taking advantage of this situation?

Looking for a good entry point I would choose 0.618 FIBO retracement Level as the more likely

About the author: TIMM Trader

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