LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 105.960000000 is certain.
Caution: A possible counter-trend in the direction of support at 95.560000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. 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 | |
| 2nd High | 107.050000000 |
| Next High | 105.960000000 |
| Current Price | 105.300000000 |
| Next Low | 95.560000000 |
| 2nd Low | 91.200000000 |
| 3rd Low | 90.750000000 |
97.990000000 – 98.320000000 – 88.280000000 – 95.560000000 – 91.200000000 – 93.870000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern