Then a ‘Double bottom chart pattern’ chart layout is existing. The chart forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
The pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 97.990000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 91.200000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. which 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 98.320000000 |
| Next High | 97.990000000 |
| Current Price | 99.280000000 |
| Next Low | 91.200000000 |
| 2nd Low | 90.750000000 |
| 3rd Low | 85.160000000 |
97.990000000 – 98.320000000 – 88.280000000 – 91.200000000 – 93.870000000 – 90.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom chart pattern