LTC showing some signs of bottom?
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.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。