The combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
An ascent up to the next resistance level at 61.38 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 56.87 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.
Also there is a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66.47 |
| 2nd High | 66.02 |
| Next High | 61.38 |
| Current Price | 60.290000000 |
| Next Low | 56.87 |
| 2nd Low | 56.51 |
| 3rd Low | 55 |
61.38 – 60.46 – 60.49 – 56.87 – 59.35 – 58.94 —
61.340000000 – 60.110000000 —
56.6451914386 – 52.054319747849 —
– —
61.38 – 1770150600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – – –