LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 60.49 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 58.94 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The pair is likely to go up.
Moreover a ‘Bullish Engulfing’ candle chart pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. 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 Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66.02 |
| 2nd High | 61.17 |
| Next High | 60.49 |
| Current Price | 59.840000000 |
| Next Low | 58.94 |
| 2nd Low | 56.51 |
| 3rd Low | 55 |
60.49 – 61.17 – 59.73 – 58.94 – 56.51 – 55 —
60.460000000 – 60.150000000 —
56.159227918088 – 49.274259476428 —
– —
60.49 – 1770105600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – Rising Wedge Chart Pattern – –