LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 109.59 is certain.
Caution: A possible trend reversal in the direction of support at 90.43 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.
Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 102.07 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 109.59 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 135.99 |
| 2nd High | 113.71 |
| Next High | 109.59 |
| Current Price | 96.530000000 |
| Next Low | 90.43 |
| 2nd Low | 85.95 |
| 3rd Low | 85.3 |
109.59 – 99.1 – 113.71 – 90.43 – 94.15 – 99.87 — 58.190369448029 – 58.917514040754 — 81.854618759635 – 82.888199065278 – 78.383635264029 – 79.687162240814
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double bottom chart pattern – –