LTC/USDT – 30M – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance at 97.52 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 85.95 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.75 |
| 2nd High | 97.94 |
| Next High | 97.52 |
| Current Price | 93.110000000 |
| Next Low | 85.95 |
| 2nd Low | 85.3 |
| 3rd Low | 79.68 |
97.52 – 97.94 – 102.75 – 94.15 – 99.87 – 101.48 — 40.322574724554 – 52.443087567125 — 77.44240370082 – 77.44240370082 – 87.739251837219 – 81.41701908935
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – Double top retreat up – –