LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 44.69 is certain.
Caution: A possible reversal of the trend in the direction of support at 42.19 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Outside Up’ candlestick chart pattern is detected. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 52.76 |
| 2nd High | 48.56 |
| Next High | 44.69 |
| Current Price | 44.210000000 |
| Next Low | 42.19 |
| 2nd Low | 41.91 |
| 3rd Low | 41.25 |
44.69 – 43.54 – 42.95 – 42.19 – 41.91 – 41.25 —
44.330000000 – 44.210000000 —
53.467449383763 – 48.646986214417 —
– —
44.69 – 1781398800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern – –