LTC/USDT – 30M – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 86.2 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 84.42 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair could go up.
Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 86.16716 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 86.2 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘Three White Soldiers’. 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 ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 87.25 |
| 2nd High | 86.76 |
| Next High | 86.2 |
| Current Price | 86.180000000 |
| Next Low | 84.42 |
| 2nd Low | 84.14 |
| 3rd Low | 83.08 |
86.2 – 86.76 – 87.25 – 84.42 – 84.14 – 83.08 — 60.506641570115 – 65.810374602412 — 97.403640256959 – 99.515227218653 – 79.819969862796 – 90.991553652153
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –