After reseting it's indicators, LTC looks ready to go for resistance anytime during the day. As you can see in the 1HR chart provided, LTC shows signals of what appears to be a "triple bullish divergence". This occurs when price hits lower lows, while the indicator hits higher lows. Triple divergences are stronger than regular divergences and therefore I believe we are in for a big 1HR candle.
4HR structure seems to have space to go down a bit but remains closing its prices at the same level, which indicates support. For now I think we are consolidating for a push in the upcoming days.
4HR structure seems to have space to go down a bit but remains closing its prices at the same level, which indicates support. For now I think we are consolidating for a push in the upcoming days.
Trade active:
Respect for the green box (support zone). 17:00 close from today indicates a bullish hammer, which could be considered as a bullish signal, and since we have a triple divergence, could mean confirmation. Still, close eye on green box.
Comment:
Sorry guys, screen froze on a bullish hammer. Still the 17:00 close price was a positive bounce on support. Should see price movement as we near the last hours of the day.
Trade active:
I'M JUST GOING TO SAY Maniii TOLD YOU GUYS!
Triple bullish divergence developed a bull flag during the day clear breakout. All indicator show it's capable of holding its price.
Still long until LTC's value hits $47-50 range.
Triple bullish divergence developed a bull flag during the day clear breakout. All indicator show it's capable of holding its price.
Still long until LTC's value hits $47-50 range.