LTC/USDT – 1H – BUYThe combination breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance at 75.880000000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 71.580000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 73.96 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 75.880000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 76.190000000 |
| Next High | 75.880000000 |
| Current Price | 74.940000000 |
| Next Low | 71.580000000 |
| 2nd Low | 70.640000000 |
| 3rd Low | 64.850000000 |