LTC/USDT – 4H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 102.940000000 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 91.200000000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Additionally a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107.050000000 |
| 2nd High | 105.070000000 |
| Next High | 102.940000000 |
| Current Price | 100.520000000 |
| Next Low | 91.200000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
97.990000000 – 98.320000000 – 92.290000000 – 91.200000000 – 85.160000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up – Symmetrical Triangle Chart Pattern