LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance line at 53.81 will continue.
Caution: A possible trend reversal in the direction of support at 51.51 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ chart pattern is found. The chart forms ‘Bullish Engulfing’. 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 success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.13 |
| 2nd High | 53.86 |
| Next High | 53.81 |
| Current Price | 53.670000000 |
| Next Low | 51.51 |
| 2nd Low | 51 |
| 3rd Low | 45.07 |
53.81 – 53.51 – 53.86 – 51.51 – 51 – 52.84 —
53.070000000 – 53.560000000 —
52.590804655404 – 59.895486671384 —
– —
53.81 – 1770894000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –