LTC/USDT – 30M – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance line at 115.870000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair could go up.
Moreover a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120.830000000 |
| 2nd High | 116.760000000 |
| Next High | 115.870000000 |
| Current Price | 115.100000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
115.870000000 – 115.790000000 – 115.230000000 – 113.760000000 – 113.200000000 – 112.000000000 — 56.953010531342 – 58.213589233212
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Inverse Head and Shoulder chart pattern – –