LTC/USDT – 30M – BUYThe pair Litecoin/Tether (LTC/USDT) moves from the descending trendline upwards
The bullish trend up to the next resistance line at 59.49 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 52.71 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a bullish pattern signal. The 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 | 61.38 |
| 2nd High | 60.99 |
| Next High | 59.49 |
| Current Price | 51.340000000 |
| Next Low | 52.71 |
| 2nd Low | |
| 3rd Low |
59.49 – 60.99 – 61.38 – 57.07 – 56.87 – 59.35 —
54.960000000 – 52.870000000 —
35.444681589619 – 25.077715520169 —
– —
59.49 – 1770255000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –