Besides a ‘Double bottom chart pattern’ chart pattern is detected. The chart picture shows ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.
The pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 96.880000000 is certain.
Caution: A possible trend reversal in the direction of the support line at 93.870000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 98.32 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 96.880000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive 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 | 98.950000000 |
| 2nd High | 98.320000000 |
| Next High | 96.880000000 |
| Current Price | 97.200000000 |
| Next Low | 93.870000000 |
| 2nd Low | 90.750000000 |
| 3rd Low | 85.160000000 |
96.880000000 – 95.310000000 – 94.060000000 – 93.870000000 – 90.750000000 – 92.460000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern