LTC/USDT – 30M – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 97.680000000 is certain.
Caution: A possible trend reversal in the direction of support at 94.520000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Furthermore a ‘Tweezers Bottom’ candlestick pattern is found. The candles form ‘Tweezers Bottom’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 97.680000000 |
| Current Price | 97.380000000 |
| Next Low | 94.520000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
96.580000000 – 88.280000000 – 89.200000000 – 94.520000000 – 85.160000000 – 85.970000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Tweezers Bottom – Rising Wedge Chart Pattern