LTC/USDT – 30M – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance level at 123.270000000 is certain.
Caution: A possible trend reversal in the direction of support at 116.550000000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 134.190000000 |
| 2nd High | 133.990000000 |
| Next High | 123.270000000 |
| Current Price | 118.530000000 |
| Next Low | 116.550000000 |
| 2nd Low | 115.190000000 |
| 3rd Low | 103.160000000 |
123.270000000 – 133.990000000 – 134.190000000 – 116.550000000 – 119.260000000 – 128.900000000 — 42.155434419677 – 44.125747879389
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double top retreat up – –