LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
A bullish trend up to the next resistance level at 105.850000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 99.880000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Latter Bottom’ candlestick chart pattern is existing. The chart shows ‘Latter Bottom’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 122.730000000 |
| 2nd High | 117.380000000 |
| Next High | 105.850000000 |
| Current Price | 104.900000000 |
| Next Low | 99.880000000 |
| 2nd Low | 97.210000000 |
| 3rd Low | 96.830000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Latter Bottom