🚨 Litecoin losing it's momentum 🚨

Litecoin after a huge move up has finally reached a strong weekly resistance. I am expecting it to retrace the following weeks down to 12800 satoshis. We can also see that volume is showing signs of exhaustion on this uptrend. Bias is shifting bearish . A bearish engulfing candle on the Daily would lead me to search for short setups.

https://www.tradingview.com/chart/LTCBTC/Ai6ky6Al-Litecoin-losing-it-s-momentum-ltc-litecoin-tatip/

🚨 Litecoin weak Price Action 🚨

Litecoin has been over the last weeks the weakest performer of the major altcoins. The coin that led the bull cycle actually underperformed at later stages. I have no reason to believe that Litecoin will pump. During the latest ephoria phase Litecoin has not moved much and it seems like it's currently under distribution. This is the alt that you want to short as soon as it breaks bellow the EQ of the range as it will be one of the biggest losers if market reverses.

https://www.tradingview.com/chart/LTCBTC/5tYYiJH1-Litecoin-distribution-phase-ltc-litecoin-tatip/