LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 119.130000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 115.290000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123.270000000 |
| 2nd High | 123.200000000 |
| Next High | 119.130000000 |
| Current Price | 115.900000000 |
| Next Low | 115.290000000 |
| 2nd Low | 115.190000000 |
| 3rd Low | 103.160000000 |
119.130000000 – 123.200000000 – 120.810000000 – 115.290000000 – 117.140000000 – 116.550000000 — 42.742731242139 – 43.549486360778
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double top chart pattern – –