The currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 84.57 will persist.
Caution: A possible counter-trend in the direction of the support zone at 81.44 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.
And also a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The currency pair could go up.
And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Three Outside Up’ candlestick chart pattern is found. The candles show ‘Three Outside Up’. this is a bullish 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 | 87.8 |
| 2nd High | 86.77 |
| Next High | 84.57 |
| Current Price | 84.070000000 |
| Next Low | 81.44 |
| 2nd Low | 79.04 |
| 3rd Low | 76.7 |
84.57 – 83.68 – 83.17 – 81.44 – 81.65 – 79.04 — 54.557326970275 – 58.687425926548 — 16.854339450075 – 25.430316490838 – 28.758764517379 – 22.03147724769
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom chart pattern – –