Furthermore a ‘Double bottom chart pattern’ chart formation is existing. The chart shows ‘Double bottom chart pattern’. which is a bullish signal. The pair is likely to go up.
The pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 98.320000000 is certain.
Caution: A possible counter-trend in the direction of support at 93.870000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 98.32 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 98.320000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 97.010000000 |
| Next Low | 93.870000000 |
| 2nd Low | 90.750000000 |
| 3rd Low | 85.160000000 |
96.880000000 – 95.310000000 – 94.060000000 – 93.870000000 – 90.750000000 – 92.460000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Northern Doji – Double bottom chart pattern