Litecoin Prints Bullish Candlestick Pattern + Green Divergence

We have bullish divergence with the MACD for LTCBTC starting around 23-Sept.
We also have this divergence present with the RSI starting 20-Oct.

Looking at the last three candles, Wednesday, Thursday, and today's candle, we can see a bullish pattern starting to form.

Prices are now challenging EMA21 and trading above EMA10 with rising volume...
All that is needed to complete this bullish setup, is a close above EMA10 (0.003879) when today's candles close. (Candle closure is needed for confirmation).

Conditions for change
This bullish chart/setup/analysis is invalidated if prices move and close below the last low at 0.003633.

Any trading above this level and we continue aiming up.

Namaste.

Yorum:

New update (still bullish & growing)