The currency pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 43.11 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 41.91 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
Also there is a ‘Bearish SBS White Lines’ candle pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 43.82 |
| 2nd High | 43.5 |
| Next High | 43.11 |
| Current Price | 43.080000000 |
| Next Low | 41.91 |
| 2nd Low | 41.25 |
| 3rd Low | 41.1 |
42.95 – 42.92 – 43.11 – 41.91 – 41.25 – 41.81 —
42.700000000 – 43.160000000 —
54.402126307474 – 58.878917734817 —
– —
42.95 – 1781197200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish SBS White Lines – Rising Wedge Chart Pattern – –