LTC/USDT – 30M – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 89.200000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 85.650000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.170000000 |
| 2nd High | 92.290000000 |
| Next High | 89.200000000 |
| Current Price | 87.050000000 |
| Next Low | 85.650000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
89.200000000 – 92.290000000 – 87.150000000 – 85.650000000 – 87.020000000 – 88.060000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Northern Doji – Double top retreat up