The combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance at 69.39 is expected.
Caution: A possible trend reversal in the direction of the support line at 65.9 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 68.655 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 69.39 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71.73 |
| 2nd High | 70.06 |
| Next High | 69.39 |
| Current Price | 67.360000000 |
| Next Low | 65.9 |
| 2nd Low | 65.58 |
| 3rd Low | 52.71 |
69.39 – 70.06 – 71.73 – 65.9 – 68.95 – 69.61 —
68.890000000 – 66.710000000 —
53.05224962786 – 35.549443246354 —
– —
69.39000 – 1768973400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – Double top retreat up – –