Preparing for the next uptrend with a nice RSI divergence from the on the 1 hour trend. The movement of Litecoin have been rather predictable so far with a triple bottom rise on 16th July to a H&S formation collapse on 19th July.
It is now clear that $8.453 and $8.52 acts as a strong support for the current movement and it is unlikely that that will be violated within the next few days. If should that holds further, there will be a rally up to $8.8.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.