LTC/USDT – 30M – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 87.25 is certain.
Caution: A possible trend reversal in the direction of the support line at 82.19 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The pair is likely to go up.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 87.25 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 87.25 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Outside Up’ candlestick pattern is discovered. The chart forms ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.55 |
| 2nd High | 89.04 |
| Next High | 87.25 |
| Current Price | 86.230000000 |
| Next Low | 82.19 |
| 2nd Low | 80.82 |
| 3rd Low | 80.32 |
87.25 – 85 – 84.17 – 82.19 – 82.5 – 80.82 — 62.3248510153 – 64.82449747598 — 94.616760873351 – 94.616760873351 – 92.706705141898 – 94.332919916096
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom retreat down – –