The pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 134.190000000 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 118.360000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 134.190000000 |
| Current Price | 133.070000000 |
| Next Low | 118.360000000 |
| 2nd Low | 118.250000000 |
| 3rd Low | 117.370000000 |
134.190000000 – 128.150000000 – 126.140000000 – 118.360000000 – 122.070000000 – 118.250000000 — 60.34717081535 – 63.799964971861
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –