LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 88.490000000 is likely expected.
Caution: A possible change in the direction of the support line at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
There is also a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. 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 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 – Double top retreat up