The currency pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 99.660000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candlestick pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 117.990000000 |
| Next Low | 99.660000000 |
| 2nd Low | 95.560000000 |
| 3rd Low | 91.200000000 |
112.390000000 – 97.990000000 – 98.320000000 – 99.660000000 – 100.040000000 – 95.560000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three White Soldiers – Triple bottom chart pattern