LTC/USDT – 30M – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 105.070000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 99.820000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Up’ candlestick chart pattern is found. The chart forms ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107.050000000 |
| 2nd High | 105.960000000 |
| Next High | 105.070000000 |
| Current Price | 107.790000000 |
| Next Low | 99.820000000 |
| 2nd Low | 98.200000000 |
| 3rd Low | 95.560000000 |
99.960000000 – 97.260000000 – 96.090000000 – 99.820000000 – 98.200000000 – 95.560000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up – Triple bottom chart pattern