LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance at 69.600000000 is certain.
Caution: A possible reversal of the trend in the direction of support at 67.06 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71.73 |
| 2nd High | 69.71 |
| Next High | 69.600000000 |
| Current Price | 68.530000000 |
| Next Low | 67.06 |
| 2nd Low | 66.03 |
| 3rd Low | 65.9 |
69.600000000 – 69.71 – 69.39 – 67.06 – 66.03 – 65.9 —
69.600000000 – 68.440000000 —
56.192150027789 – 45.70292859749 —
69.600000000 – 1769133600 —
– 1769133600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – Rising Wedge Chart Pattern – –