LTC/USDT – 4H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 102.940000000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 91.200000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Outside Up’ candlestick pattern is found. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘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 | 113.520000000 |
| 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 – Double top retreat up