The pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 134.190000000 is likely expected.
Caution: A possible change in the direction of the support zone at 128.900000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 134.19 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 134.190000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 134.190000000 |
| Current Price | 130.770000000 |
| Next Low | 128.900000000 |
| 2nd Low | 128.580000000 |
| 3rd Low | 118.360000000 |
134.190000000 – 131.990000000 – 121.520000000 – 128.900000000 – 128.580000000 – 118.360000000 — 52.596242582474 – 53.478405829868
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double bottom chart pattern – –