LTC, Battle of Divergences

4 may 2018

Since my latest educational post on divergence (linked below) received a lot of attention, I wanted to show a looming battle in LTCBTC. I see both bullish divergence and hidden bearish divergence battling it out to the eventual breakout or breakdown of formation. Who will win?

4 may 2018

Nota

5 may 2018

Nota

upwards move, but watch for fake-out.

here is same chart on 12H for closer look

5 may 2018

Operación activa

6 may 2018

Operación activa

hidden bullish divergence all over the shorter timeframes suggesting continuation of new upwards trend... longer 24H timeframe looking like breakout of inverse head and shoulders formation, MACD about to crossover into positive... bitcoin action can always throw off any of these signals.

7 may 2018

Nota

looking like we may test the wedge again for support...

10 may 2018

Nota

if LTC tests the wedge again as support, watch for bounce and breakout of MACD

25 may 2018

Nota

moving the goalposts...