LTC Pulling Back, Still Bearish

Litecoin is moving in tandem with the rest of the cryptos, pulling back for some air at a Fibonacci level. Notice how both momentum indicators have clearly turned bearish. Short term this is a sell opportunity, as we look to consolidate and form a 'dragon head' pattern. This will present a buying opportunity in the long term. If not, and there is a solid rejection of the $30 handle, look to buy on dips.