Litecoin’s buying pressure is becoming almost non-existent and I am patiently waiting for the price to drop which I think would be by the end of next week at the very latest. At this current price, it remains a strong short for me still and every move up from here does not change my analysis. Unless we have an unlikely ridiculous green candle that shoots LTC to $90, I am going to remain very confident in a short position rather than long. Even if we slowly grind up, there has to be a short-term retracement and I think that $55 still makes a lot of sense. The confluence is too strong to ignore.