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Litecoin has made a bearish exit, potential drop!

BITFINEX:LTCUSD   莱特币/美元
LTCUSD             has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish . We’re seeing 1st major resistance at 215.03 ( Fibonacci retracement , horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support ( Fibonacci extension , horizontal swing low support).

Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur.

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This analysis is provided as general market commentary and does not constitute investment advice.
BTW... Just take a look at the volume. It goes down and down.
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Deppstein Andbcoin
@Andbcoin, I assume everyone is waiting to see if it will keep lite or go heavy...
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Andbcoin Deppstein
@Deppstein,

Lite.

There's a beautiful h&s nearly finished from 23rd Feb - 2nd Mar.
Left shoulder is bigger and more volume.
Right shoulder, less volume.
It goes back to $160 - $165.
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Clear ABC pattern.

Don't understand why some people say it will go up to $260.
People, don't get fooled. I sold all my LTC coins since it's going back to $100.

Maybe triple bottom, or the continuation of the correction?
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