The combination Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance level at 116.180000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 113.450000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119.130000000 |
| 2nd High | 117.300000000 |
| Next High | 116.180000000 |
| Current Price | 116.030000000 |
| Next Low | 113.450000000 |
| 2nd Low | 112.060000000 |
| 3rd Low | 103.160000000 |
116.180000000 – 117.300000000 – 117.120000000 – 113.450000000 – 112.060000000 – 112.110000000 — 56.913372529563 – 58.215491670666
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –