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$LTC Bullish Divergence On horizontal support BUT

Litecoin / Bitcoin (BITFINEX:LTCBTC)  
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BITFINEX:LTCBTC   Litecoin / Bitcoin
Trend Analysis
4
1
trendanalysis
$LTC showing bullish divergence on a horizontal support. This is indicative of a change in trend and an upward swing occurring.
Komen:
Fib support broken. Still riding along horizontal currently. If this holds with the bullish divergence we could see a nice bounce.
Overall market concerns me and could cause a drop lower.

$LTC broke through the fib support
Komen:
$LTC trending well below the Keltner Channel indicating continued downtrend.
$LTC trending below Keltner Channel
Komen:
Overall I'm concerned with LTC even with the bullish divergence. Avoiding trade unless I see other positive indicators.
Penafian

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