LTC/USDT – 4H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 98.950000000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 84.750000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.070000000 |
| 2nd High | 102.940000000 |
| Next High | 98.950000000 |
| Current Price | 97.670000000 |
| Next Low | 84.750000000 |
| 2nd Low | 83.550000000 |
| 3rd Low | 76.170000000 |
92.290000000 – 86.050000000 – 87.390000000 – 84.750000000 – 83.550000000 – 76.170000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern