Litecoin Bearish Divergence

The market reached 50.00 level and bounced with following down movement. We have a bearish divergence between price and RSI and it's a reversal signal. Also RSI shows that the market is overbougth and opening short trades will be more logical. Sell below 41.20 with stop above the resistance level. Profit target should be at 34.00 level and the uptrend line. If the market drops to this support level, probably we'll see price reversal and new long opportunity.

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