LTC/USDT – 30M – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 87.25 is considered certain.
Caution: A possible counter-trend in the direction of the support level at should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.
Additionally a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 87.25 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 87.25 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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 | 87.25 |
| Current Price | 85.930000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
87.25 – 85 – 84.17 – 82.19 – 82.5 – 80.82 — 53.352298893414 – 53.971860615074 — 14.289236961283 – 19.304683727668 – 22.019719047759 – 17.946876964238
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – – –