The combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 96.090000000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 91.200000000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.
Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Moreover a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.320000000 |
| 2nd High | 97.990000000 |
| Next High | 96.090000000 |
| Current Price | 94.940000000 |
| Next Low | 91.200000000 |
| 2nd Low | 90.750000000 |
| 3rd Low | 85.160000000 |
96.090000000 – 97.990000000 – 96.880000000 – 91.200000000 – 95.990000000 – 93.870000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern