LTC/USDT – 30M – BUYThe combination breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 73.960000000 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 71.580000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74.620000000 |
| 2nd High | 74.380000000 |
| Next High | 73.960000000 |
| Current Price | 74.940000000 |
| Next Low | 71.580000000 |
| 2nd Low | 71.080000000 |
| 3rd Low | 70.640000000 |