The currency pair Litecoin/Tether (LTC/USDT) moves from the descending trendline upwards
A bullish trend up to the next resistance line at 81.78 is certain.
Caution: A possible change in the direction of the support level at 79.91 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair is likely to rise.
Then a ‘Bullish Belt Hold’ chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. 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 | 83.96 |
| 2nd High | 82.42 |
| Next High | 81.78 |
| Current Price | 80.750000000 |
| Next Low | 79.91 |
| 2nd Low | 79.04 |
| 3rd Low | 76.7 |
81.78 – 82.42 – 81.99 – 81.05 – 80.88 – 80.99 — 35.096519076092 – 42.300533114667 — 28.309729064039 – 38.191023535851 – 33.857872650976 – 34.729064039409
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – Double bottom retreat down – –