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Wednesday, September 29, 2021

LTC with bullish divergence

LTC with bullish divergence

Litecoin / Dollar BITFINEX:LTCUSD

LTC price chart is showing bullish divergence by the formation of progressively lower lows by the price candles when the signal line of the oscillator forms progressively higher lows.

The RSI can provide technical traders with signals about bullish and bearish price momentum. LTC chart is showing good momentum with both RSI and MACD picking up nicely. MACD cross would be good entry point for new long position.

Some of the most successful traders will tell you that a forex divergence trading strategy is one of the most accurate strategies you can use. This is because the strategy not only makes use of information that is on the charts, but also uses candlesticks that provide clear information about what buyers and sellers are doing in the market.

from TradingView Ideas
via gqrds

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