LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) goes from the descending trendline up.
An ascent upwards to the next resistance at 81.78 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 76.08 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘RSI cross above 30’ indicator layout is found. The indicator shows ‘RSI cross above 30’. this is usually a bullish signal. The currency pair is likely to rise.
And also a ‘Bullish Belt Hold’ candle pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.89 |
| 2nd High | 82.42 |
| Next High | 81.78 |
| Current Price | 76.920000000 |
| Next Low | 76.08 |
| 2nd Low | 75.22 |
| 3rd Low | 72.64 |
81.78 – 82.42 – 81.99 – 77.74 – 80.88 – 79.91 — 20.338580365701 – 30.762071861793 — 17.231305864399 – 19.012922589139 – 24.378315529395 – 19.797055149799
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – Double top retreat up – –