LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 88.490000000 is certain.
Caution: A possible counter-trend in the direction of the support level at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.
Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 94.170000000 |
| Next High | 88.490000000 |
| Current Price | 86.640000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
88.490000000 – 85.950000000 – 85.470000000 – 84.750000000 – 83.550000000 – 83.780000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bullish Belt Hold –