LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline upwards
The bullish trend up to the next resistance level at 119.130000000 is considered certain.
Caution: A possible change in the direction of the support zone at 112.110000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Belt Hold’ chart pattern is detected. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123.270000000 |
| 2nd High | 123.200000000 |
| Next High | 119.130000000 |
| Current Price | 113.930000000 |
| Next Low | 112.110000000 |
| 2nd Low | 103.160000000 |
| 3rd Low | 99.660000000 |
119.130000000 – 123.200000000 – 120.810000000 – 112.110000000 – 115.290000000 – 117.140000000 — 42.036140476374 – 44.089609702335
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – Double top retreat up – –