LTC/USDT – 30M – BUYAdditionally a ‘Double bottom chart pattern’ chart formation is found. The chart picture forms ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 97.990000000 is expected.
Caution: A possible counter-trend in the direction of the support line at 95.100000000 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Additionally a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 98.320000000 |
| Next High | 97.990000000 |
| Current Price | 97.290000000 |
| Next Low | 95.100000000 |
| 2nd Low | 91.650000000 |
| 3rd Low | 91.200000000 |
97.260000000 – 96.090000000 – 97.990000000 – 95.100000000 – 91.650000000 – 91.200000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern