The price failed to reach a new low, while the RSI indicator shows an upward trend. The formed reverse divergence could signal a potential price reversal upward.
A reversal signal has been received on the Stochastic indicator. When several technical indicators form a divergence at once, the probability of a reversal formation developing increases.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
Currently, trading Litecoin assumes the priority of long positions. A trader can enter the market both at the current levels or when retesting of the resistance level occurs.
📌 Entry: 104.76
✔️ First target: 106.12
✔️ Second target: 107.11
❌ Stop order: 103.97
Litecoin M15: After divergence on Stochastic, a similar signal was recorded on RSI
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