The cryptocurrency market is in strong momentum overall, with most projects already showing overbought signals through technical analysis indicators. However, some cryptocurrencies have lagged behind, still suggesting strength for continuation—a buy signal for this week.
Finbold has reported buy signals for oversold cryptocurrencies in the past few weeks, considering potential downtrend reversals. Now, the few existing downtrends could hint at fundamental weakness, and crypto investors should be careful when trading them.
In a bull market, there is an opportunity for new narratives and trends that have recently started. Technically, the Relative Strength Index (RSI), usually above 60 points and below 70, can help spot strong momentum.
Looking for further insights on a buy signal, Finbold turned to CoinGlass data and spotted two cryptocurrencies with a strong buy signal to navigate the bull market that has already started.
Litecoin (LTC)
First, Litecoin (LTC) shows strong
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