LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 98.320000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 85.160000000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Furthermore a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.940000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 92.690000000 |
| Next Low | 85.160000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
98.320000000 – 88.280000000 – 92.290000000 – 85.160000000 – 85.650000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three White Soldiers – Double top retreat up