LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 88.490000000 is expected.
Caution: A possible counter-trend in the direction of the support level at could be enabled.
Consider stop-loss settings accordingly.
Then 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 chart scenario. The currency pair could go up.
Then a ‘Bullish Belt Hold’ chart pattern is found. The candles form ‘Bullish Belt Hold’. which 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 chance 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 –