LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 98.950000000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 85.160000000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Bullish Belt Hold’ candle pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.070000000 |
| 2nd High | 102.940000000 |
| Next High | 98.950000000 |
| Current Price | 97.670000000 |
| Next Low | 85.160000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
88.280000000 – 92.290000000 – 88.490000000 – 85.160000000 – 85.650000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern