Then a ‘Inverse Head and Shoulder chart pattern’ chart layout is detected. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. which is a bullish pattern signal. The currency pair is likely to go up.
The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A descent down to the next support level at 73.96 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 75.36 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76.92 |
| 2nd High | 76.07 |
| Next High | 75.36 |
| Current Price | 74.610000000 |
| Next Low | 73.96 |
| 2nd Low | 73.84 |
| 3rd Low | 70.92 |
75.36 – 75.24 – 76.07 – 73.96 – 73.84 – 70.92 — 46.58347118002 – 45.450976910073 — 8.6280539894071 – 15.112857603888 – 28.337594110028 – 16.198512381319
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Inverse Head and Shoulder chart pattern – –