LTC/USDT – 30M – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 85 is certain.
Caution: A possible trend reversal in the direction of the support zone at 82.19 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.55 |
| 2nd High | 89.04 |
| Next High | 85 |
| Current Price | 83.200000000 |
| Next Low | 82.19 |
| 2nd Low | 80.82 |
| 3rd Low | 80.32 |
85 – 84.17 – 84.39 – 82.19 – 82.5 – 80.82 — 44.473759278757 – 45.165863853835 — 27.109836213364 – 14.611683506895 – 36.885476641099 – 25.638325435986
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double top retreat up – –