Litecoin
Short

Short Term Could Drop Be Careful Here - Possible $100

765
Some bad news came out. Bybit got hacked for a lot of Ethereum. How this happens I dont understand but more than likely an inside job. These run out a basement exchanges are dangerous never leave your crypto on an exchange, NONE OF THEM.

Anyways I dont like the break of this rising wedge or potential bear flag. If this deosnt break back into the wedge and close in it then we could se another drop to about 100 or so if the measured move plays out. Be cautious here.

Not Financial advice.
Note
snapshot

On the 6 hour some serious bearish divergence could be ready for a drop.
Note
This is a better angle without all the wicks and noise. We need to get back in the wedge.

snapshot
Note
snapshot
Note
Still looks like were out of the wedge. I dont like how the RSI is looking it looks weak but we'll see how the market absorbs the biggest ETH hack in history if I read it right

snapshot
Note
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.