LTC/USDT – 4H – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 98.320000000 is certain.
Caution: A possible trend reversal in the direction of the support line at 85.160000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.940000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 96.440000000 |
| Next Low | 85.160000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
98.320000000 – 92.290000000 – 86.050000000 – 85.160000000 – 84.750000000 – 83.550000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three White Soldiers – Double bottom retreat down