Technical Analysis: Litecoin - Bullish MACD Cross!

in #cryptocurrency • 7 years ago

Litecoin prices could see some upward momentum soon as a bullish MACD crossover happened today. A MACD cross is when the blue line (12 day moving average) crosses the orange line (26 day moving average). Crossing above the orange line means the average price in the last 12 days is higher than the average price in the last 26 days, meaning price direction is starting to turn bullish. You can see back in mid-September when the blue line crossed under the orange line, which is a bearish signal, the price plummeted. Now the reverse is happening.

$59.50/$60.00 will be a resistance level to break for this bullish pattern to continue.

#crypto #crypto-news #minnowsunite #minnowsupport
7 years ago in #cryptocurrency by
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     7 years ago 

    This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

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       7 years ago 

      What do you think about the RSI Stoc. current index comparing to this daily MACD ?

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