The currency pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 53.51 is expected.
Caution: A possible trend reversal in the direction of the support line at 51 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 54.15532 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 53.51 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.86 |
| 2nd High | 53.71 |
| Next High | 53.51 |
| Current Price | 53.310000000 |
| Next Low | 51 |
| 2nd Low | 45.07 |
| 3rd Low |
53.51 – 53.71 – 53.86 – 51 – 52.85 – 52.84 —
52.820000000 – 53.380000000 —
53.927924748183 – 61.894224448644 —
– —
53.51 – 1770818400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – – Double bottom chart pattern – –