The pair Litecoin/Tether (LTC/USDT) moves from the descending trendline up.
A bullish ascent upwards to the next resistance line at 66.47 is expected.
Caution: A possible counter-trend in the direction of the support level at 62.71 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Three Outside Up’ chart pattern is discovered. The candles form ‘Three Outside Up’. 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70 |
| 2nd High | 69.89 |
| Next High | 66.47 |
| Current Price | 64.280000000 |
| Next Low | 62.71 |
| 2nd Low | 52.71 |
| 3rd Low |
66.47 – 69.89 – 70 – 62.71 – 64.43 – 67.72 —
64.690000000 – 64.270000000 —
40.348995689908 – 38.916334983676 —
– —
66.47000 – 1769734800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – – –