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Litecoin / Bitcoin

LTC, Battle of Divergences

By Yrat
Updated
Since my latest educational post on divergence (linked below) received a lot of attention, I wanted to show a looming battle in LTCBTC. I see both bullish divergence and hidden bearish divergence battling it out to the eventual breakout or breakdown of formation. Who will win?
Note
Types of Divergence
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upwards move, but watch for fake-out.

here is same chart on 12H for closer look

snapshot
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snapshot
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hidden bullish divergence all over the shorter timeframes suggesting continuation of new upwards trend... longer 24H timeframe looking like breakout of inverse head and shoulders formation, MACD about to crossover into positive... bitcoin action can always throw off any of these signals.

snapshot
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looking like we may test the wedge again for support...
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if LTC tests the wedge again as support, watch for bounce and breakout of MACD snapshot
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moving the goalposts... snapshot
Chart PatternsDivergenceTechnical IndicatorsLitecoin (Cryptocurrency)LTCLTCBTCTrend Analysis
Yrat

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