The pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline upwards
An ascending movement up to the next resistance at 80.97 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 65.58 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ” indicator layout is detected. The indicator shows ”. which is often a bullish chart scenario. The currency pair could go up.
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Moreover a ‘%K cross above 0.2’ indicator layout is detected. The indicator shows ‘%K cross above 0.2’. which is often a bullish chart scenario. The currency pair could go up.
Moreover a ‘Bullish Belt Hold’ candle pattern is found. The candles show ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. 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 | 86.77 |
| 2nd High | 82.42 |
| Next High | 80.97 |
| Current Price | 68.860000000 |
| Next Low | 65.58 |
| 2nd Low | 52.71 |
| 3rd Low |
80.97 – 82.42 – 80.58 – 65.58 – 69.46 – 75.26 —
71.130000000 – 69.160000000 —
34.269055042263 – 26.41723031815 —
– —
80.97000 – 1768392000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – – –