LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 88.490000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Furthermore a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 94.170000000 |
| Next High | 88.490000000 |
| Current Price | 86.640000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
88.490000000 – 85.950000000 – 85.470000000 – 84.750000000 – 83.550000000 – 83.780000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bullish Belt Hold –