LTC/USDT – 1H – BUYFurthermore a ‘Double bottom chart pattern’ chart pattern is existing. The chart picture shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 97.990000000 is expected.
Caution: A possible change in the direction of the support zone at 91.200000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Outside Up’ candle chart pattern is detected. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 98.320000000 |
| Next High | 97.990000000 |
| Current Price | 99.280000000 |
| Next Low | 91.200000000 |
| 2nd Low | 90.750000000 |
| 3rd Low | 85.160000000 |
97.990000000 – 98.320000000 – 88.280000000 – 91.200000000 – 93.870000000 – 90.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom chart pattern