LTC/USDT – 1H – BUYThe currency pair breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 72.640000000 is expected.
Caution: A possible change in the direction of the support line at 70.640000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.880000000 |
| 2nd High | 74.380000000 |
| Next High | 72.640000000 |
| Current Price | 72.400000000 |
| Next Low | 70.640000000 |
| 2nd Low | 64.850000000 |
| 3rd Low | 64.450000000 |