Litecoin Bullish Engulfing

١٠ فبراير ٢٠٢١

Yesterday we had a full absorption with the "bullish engulfing" pattern showing up (highlighted in light blue) on the daily LTCUSD chart.

We also have bullish divergence with the MACD and prices starting to move above EMA10.

This can signal that Litecoin is trying to go bullish.

We also have a lower low compared to Nov., the weak hands have been removed and the stops activated.

This pair can easily move up.

Namaste.