LTC/USDT – 4H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 134.190000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 118.360000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Engulfing’ candle chart pattern is found. The chart forms ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 134.190000000 |
| Current Price | 121.840000000 |
| Next Low | 118.360000000 |
| 2nd Low | 118.250000000 |
| 3rd Low | 103.160000000 |
134.190000000 – 126.420000000 – 129.160000000 – 118.360000000 – 118.250000000 – 103.160000000 — 41.118894992408 – 42.462895454428
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –