LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 52.14 is expected.
Caution: A possible change in the direction of the support level at 51.340000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bullish Engulfing’ candle chart pattern is found. The chart forms ‘Bullish Engulfing’. this 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 | 53.12 |
| 2nd High | 52.88 |
| Next High | 52.14 |
| Current Price | 51.750000000 |
| Next Low | 51.340000000 |
| 2nd Low | 50.33 |
| 3rd Low |
52.14 – 52.88 – 53.12 – 51.340000000 – 50.33 – 51.63 —
51.730000000 – 51.860000000 —
50.669138773693 – 49.888860214671 —
51.340000000 – 1780027200 —
52.14 – 1779987600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –