Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 63.745 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 61.38 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 80.97 |
| 2nd High | 70.49 |
| Next High | 61.38 |
| Current Price | 53.380000000 |
| Next Low | 52.36 |
| 2nd Low | 45.07 |
| 3rd Low |
61.38 – 70.49 – 80.97 – 52.36 – 45.07 – 55 —
53.460000000 – 53.140000000 —
41.682109996491 – 44.544154260549 —
– —
61.38 – 1770148800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double bottom retreat down – –