The pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 56.35 will persist.
Caution: A possible change in the direction of support at 54.84 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.
Moreover a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 59 |
| 2nd High | 58.71 |
| Next High | 56.35 |
| Current Price | 55.190000000 |
| Next Low | 54.84 |
| 2nd Low | 54.37 |
| 3rd Low | 54 |
56.35 – 56.33 – 58.71 – 54.84 – 55.3 – 54.93 —
55.570000000 – 55.270000000 —
43.391442692202 – 33.281753814876 —
– —
56.35 – 1773889200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – Symmetrical Triangle Chart Pattern – –