LTC/USDT – 4H – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 86.77 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 76.08 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 109.59 |
| 2nd High | 87.8 |
| Next High | 86.77 |
| Current Price | 83.680000000 |
| Next Low | 76.08 |
| 2nd Low | 75.22 |
| 3rd Low | 72.64 |
80.58 – 79.49 – 79.41 – 76.08 – 76.92 – 75.22 — 66.444443165484 – 67.841532591694 — 32.472856881362 – 64.648495680667 – 17.368016159936 – 35.362657456544
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Triple bottom chart pattern – –