LTC showing Bullish Divergence, and within a Falling Wedge.
LTC/BTC looking posed for a move. Showing Bullish divergence on the RSI and CMF. Additionally, it is within a falling wedge pattern AND it's on a fib support level (.786) Really liking the risk/reward on this trade. Only risk is if BTC decides to move down. I made another analysis where I outlined why I thought it would go down, but the bulls defended 6370 with some force, so there is a chance we could see it move to the upside, it's honestly 50/50 right now for which direction BTC will take.
Entry: 8050-8090.
Target 1: 8400.
Target 2: 8750.
Target 3: 9000.
SL: 7800-7900 depending on risk level.
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
Entry: 8050-8090.
Target 1: 8400.
Target 2: 8750.
Target 3: 9000.
SL: 7800-7900 depending on risk level.
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.