Litecoin (LTC) is building strong momentum and could potentially move higher. It has outperformed stronger pairs in last weeks and still has some more upside potential.
There was bullish divergence - marked red. Price was making lower lows, while RSI was making higher lows on daily chart. It indicates underlying strength. Bears are exhausted. Warning of possible trend direction change from downtrend to uptrend. I also marked with blue lines the price action and movement – the channel is narrowing, which could be potential bottoming sign.
Green area was charted long time ago as strong resistance area – it shows the buying pressure before the big run to upside. There are still plenty of buyers on this level. For some long term buy, this is not a bad price, especially if can stay above resistance level at $30.
There was bullish divergence - marked red. Price was making lower lows, while RSI was making higher lows on daily chart. It indicates underlying strength. Bears are exhausted. Warning of possible trend direction change from downtrend to uptrend. I also marked with blue lines the price action and movement – the channel is narrowing, which could be potential bottoming sign.
Green area was charted long time ago as strong resistance area – it shows the buying pressure before the big run to upside. There are still plenty of buyers on this level. For some long term buy, this is not a bad price, especially if can stay above resistance level at $30.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.