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SteelPipeGeorge

LTC overbought and running out of gas?

Singkat
Litecoin (BITFINEX:LTCUSD)  
SteelPipeGeorge Telah dikemas kini   
BITFINEX:LTCUSD   Litecoin
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
LTC has been overbought on RSI twice recently and has formed bearish divergence. We are currently also sitting at the upper limit of the 6-week uptrend channel, and have a bearish divergence on the MACD as well. Hard to see LTC continuing this monster climb without having a retrace. I am short for now.
Komen:
Still not seeing the volume increase we need for a climb. Rising wedge has formed and buying volume is decreasing, all bearish signs.
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