LTCUSD Bearish divergence
Litecoin has pulled back from a new multi-year high, just below the $245.00 resistance, as the cryptocurrency sits at a critical juncture. The four-hour time frame is currently showing substantial amounts of negative MACD price divergence extending down towards the $185.00 level. The chances of a big market correction increase significantly if Bitcoin starts to unwind from current trading levels.
The LTCUSD pair is only bullish while trading above the $210.00 level, key resistance is found at the $245.00 and the $260.00 levels.
If the LTCUSD pair trades below $210.00, sellers may test the $200.00 and $185.00 support levels.