Litecoin Bearish Divergence

If we look at the daily chart of Litecoin, we can see that price diverges with MACD and RSI indicators. We have a bearish divergence which is a strong trend reversal signal. Probably the market will drop to the support zone between 35.00 and 32.00 levels or even reach MA100. MACD confirms down movement. ADX line of DMI indicator falls to 20 level and it tells us that we should not expect strong price movements. Based on these signals it's better to wait for price correction and buy from the support zone. But if you want to open long terms trades, you can do it based on a reversal signal from MA20. Don't forget that this price reversal must be confirmed by RSI and MACD histogram.