LTC/USDT – 30M – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 84.17 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 82.5 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K cross above 20’ indicator layout is existing. The indicator shows ‘%K cross above 20’. which could be a positive chart scenario. The currency pair is likely to rise.
In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
In addition a ‘Bullish Engulfing’ candlestick pattern is found. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.54 |
| 2nd High | 84.39 |
| Next High | 84.17 |
| Current Price | 83.110000000 |
| Next Low | 82.5 |
| 2nd Low | 80.82 |
| 3rd Low | 80.32 |
84.17 – 84.39 – 83.9 – 82.5 – 80.82 – 80.32 — 41.018781806549 – 43.903330804372 — 0 – 4.383795829899 – 26.774091886929 – 9.4297776291631
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – Triple top chart pattern – –