Litecoin Prints Bullish Candlestick Pattern + Green Divergence
Updated
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.
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.
Note
New update (still bullish & growing)
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