LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance at 120.810000000 is expected.
Caution: A possible change in the direction of the support level at 116.550000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Belt Hold’ candle chart pattern is detected. The candles show ‘Bullish Belt Hold’. 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 likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 133.990000000 |
| 2nd High | 123.270000000 |
| Next High | 120.810000000 |
| Current Price | 118.430000000 |
| Next Low | 116.550000000 |
| 2nd Low | 115.190000000 |
| 3rd Low | 103.160000000 |
120.810000000 – 123.270000000 – 133.990000000 – 116.550000000 – 119.260000000 – 128.900000000 — 35.995331936831 – 44.241862438219
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – Double top retreat up – –