Litecoin [LTC] has formed a bullish divergence that could lead the price to a higher level, AMBCrypto discovered. A bullish divergence marks
has formed a bullish divergence that could lead the price to a higher level, AMBCrypto discovered. A bullish divergence marks the end of a downtrend.
According to data from Santiment, the number of unique addresses interacting with LTC hit 704,000 in the last seven days. Therefore, the increase meant that interaction on Litecoin in the first few days of June was much more than the entire May.The last time such an event occurred, LTC moved from $78.60 to $84.63 within a few days. However, the rise in network activity was not the only metric supporting aReading at 70 and above suggests that an asset is overbought. On the other hand, a reading at 30 or below indicate that a cryptocurrency was oversold.
To get a hang of this, we analyzed the liquidations levels. These levels are price points where liquidation events might occur. At press time, a cluster of liquidity appeared from $80.20 up to $87.65.
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