LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 118.730000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 112.950000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 133.990000000 |
| 2nd High | 124.770000000 |
| Next High | 118.730000000 |
| Current Price | 116.530000000 |
| Next Low | 112.950000000 |
| 2nd Low | 111.900000000 |
| 3rd Low | 111.230000000 |
118.730000000 – 115.420000000 – 115.410000000 – 112.950000000 – 111.900000000 – 111.230000000 — 56.716004279928 – 58.391364141368
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double bottom chart pattern – –