Litecoin Consolidates After 11% Rally — Divergence Signals Caution
I see Litecoin trading around $117.70 after an 11% rally that peaked at $124.90; price is currently consolidating rather than extending the move.
Technicals are mixed: RSI is neutral but I observe a bearish momentum divergence, which could signal a short-term pullback despite the prevailing bullish trend.
I'm cautious and will watch key support and resistance for a clear breakout or a lower-risk buying opportunity on weakness before adding size.
Analysis
Neutral RSI alongside bearish momentum divergence amid an uptrend implies fading short-term momentum; price may either retrace to support or require a breakout above recent highs to resume the rally.
Recommendation
I'm watching the setup and prefer to wait for confirmation: consider buying on weakness near support or after a decisive breakout above resistance rather than initiating large positions now.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.