LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 69.2 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 66.98 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 69.71 |
| 2nd High | 69.6 |
| Next High | 69.2 |
| Current Price | 68.890000000 |
| Next Low | 66.98 |
| 2nd Low | 66.03 |
| 3rd Low | 65.9 |
69.2 – 69.6 – 69.71 – 66.98 – 67.06 – 66.03 —
68.690000000 – 68.790000000 —
55.632362250373 – 53.983947262088 —
– —
69.20000 – 1769187600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – – –