The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 54.91 is certain.
Caution: A possible trend reversal in the direction of the support zone at 52.94 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.
There is also a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 56.47 |
| 2nd High | 56.01 |
| Next High | 54.91 |
| Current Price | 53.380000000 |
| Next Low | 52.94 |
| 2nd Low | 52.71 |
| 3rd Low | 51.42 |
54.91 – 56.01 – 55.6 – 52.94 – 54.3 – 54.91 —
53.610000000 – 53.250000000 —
35.100409850016 – 31.574582556189 —
– —
54.91 – 1771754400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – Double top chart pattern – –