LTC/USDT – 30M – BUYAnd also a ‘Double bottom chart pattern’ chart formation is found. The chart picture shows ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.
The currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 97.990000000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 95.100000000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘Bullish Belt Hold’ candle chart pattern is existing. The chart forms ‘Bullish Belt Hold’. 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 success rate of a ‘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