LTC/USDT – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 53.72124 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 53.44 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Above the Stomach’ candlestick chart pattern is discovered. The candles form ‘Above the Stomach’. which is a bullish 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 ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 54.29 |
| 2nd High | 53.94 |
| Next High | 53.44 |
| Current Price | 53.320000000 |
| Next Low | 51.88 |
| 2nd Low | 51.47 |
| 3rd Low | 51.03 |
53.44 – 53.94 – 53.75 – 51.88 – 52.2 – 52.65 —
53.820000000 – 53.610000000 —
58.420906227942 – 52.705032571941 —
– —
53.44 – 1773001800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Above the Stomach – – –