The pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 55.95 will persist.
Caution: A possible trend reversal in the direction of support at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 58.71 |
| 2nd High | 56.35 |
| Next High | 55.95 |
| Current Price | 56.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
55.95 – 56.35 – 56.33 – 54.59 – 54.84 – 55.3 —
55.850000000 – 56.020000000 —
59.185393136922 – 58.142152856204 —
– —
55.95 – 1773952200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –