Litecoin Bullish Divergence

Price bounced from 40.00 support level and diverged with MACD histogram and RSI. We have a reversal signal based on a bullish divergence. RSI confirmed price reversal from the support level. MACD supports the upward movement. On the daily chart price is near MA50 which is a support line too. We have buy opportunity. In spite of a possible reversal chart pattern like Head & Shoulders on the daily chart, Litecoin has good potential for continuation the main up trend. The current levels can be used for buying and building long term positions. If you need more confirmation for the upward movement, wait for a breakout above MA100 on 1H chart. If the market can drop below the support level, we'll see downward movement to 36.00 support level. Be careful with all your trades in all crypto exchanges. The markets are rather unpredictable. Segwit is coming.