LTC/USDT – 4H – BUYMoreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 74 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 80.97 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ candlestick pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 86.77 |
| 2nd High | 82.42 |
| Next High | 80.97 |
| Current Price | 70.030000000 |
| Next Low | 66.98 |
| 2nd Low | 65.9 |
| 3rd Low | 65.58 |
80.97 – 82.42 – 80.58 – 66.98 – 65.9 – 65.58 —
68.350000000 – 69.990000000 —
43.61905229474 – 57.767338166594 —
– —
80.97000 – 1768392000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – Double bottom retreat down – –