The pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 115.120000000 is considered certain.
Caution: A possible change in the direction of support at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Bullish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency 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’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 115.120000000 |
| Current Price | 112.990000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
115.120000000 – 116.270000000 – 124.770000000 – 109.500000000 – 106.380000000 – 108.300000000 — 53.066618554201 – 57.966679902627
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –