LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 116.380000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 109.330000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Outside Up’ candle chart pattern is detected. The candles form ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 122.290000000 |
| Next High | 116.380000000 |
| Current Price | 114.280000000 |
| Next Low | 109.330000000 |
| 2nd Low | 108.180000000 |
| 3rd Low | 106.580000000 |
116.380000000 – 115.430000000 – 122.290000000 – 109.330000000 – 108.180000000 – 106.580000000 — 55.217680703769 – 57.776690530441
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern –