LTC/USDT – 30M – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 105.850000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 100.550000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Inverted Hammer’ candle pattern is existing. The chart forms ‘Inverted Hammer’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117.380000000 |
| 2nd High | 114.900000000 |
| Next High | 105.850000000 |
| Current Price | 103.890000000 |
| Next Low | 100.550000000 |
| 2nd Low | 99.880000000 |
| 3rd Low | 97.210000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Inverted Hammer