jzulueta19

LTCUSDT Flashing Weak Signals

Short
POLONIEX:LTCUSDT   Litecoin / Tether USD
I recently sold our LTCUSDT trading position (bought at 43, sold at 47).

The cryptocoin is showing weakness with MACD and RSI exhibiting stark divergences from price. MACD and RSI are forming much lower highs compared to the same/slightly higher highs of price.

Re-entry point (in case you want to trade again) will be 41 and below.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.