Hi guys,
I needed to do that analysis to share with you a great opportunity.
The ABC correction is about to end soon. As you can see on the chart, we have a double-bottom forming. While LTCUSD is stagnating, RSI indicates a nice bullish divergence coming. MACD also confirms that move as the green line crossed the red.
In a short-term we should retest the falling wedge support to go to $137 significant support. If the bullish move is strong, we could recover $160 where we could find our Fibonacci middle support.
That was a short and brief analysis, hope you enjoyed, whatever you think you can agree, comment or follow to see my next analysis.
Have a nice Sunday ! ;)
I needed to do that analysis to share with you a great opportunity.
The ABC correction is about to end soon. As you can see on the chart, we have a double-bottom forming. While LTCUSD is stagnating, RSI indicates a nice bullish divergence coming. MACD also confirms that move as the green line crossed the red.
In a short-term we should retest the falling wedge support to go to $137 significant support. If the bullish move is strong, we could recover $160 where we could find our Fibonacci middle support.
That was a short and brief analysis, hope you enjoyed, whatever you think you can agree, comment or follow to see my next analysis.
Have a nice Sunday ! ;)