The pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance at 57.42 will persist.
Caution: A possible trend reversal in the direction of the support zone at 53.91 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
There is also a ‘Three White Soldiers’ candlestick chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 59 |
| 2nd High | 58.71 |
| Next High | 57.42 |
| Current Price | 56.300000000 |
| Next Low | 53.91 |
| 2nd Low | 52.66 |
| 3rd Low | 52.59 |
57.42 – 55.71 – 55.74 – 53.91 – 52.66 – 52.91 —
55.400000000 – 55.620000000 —
49.422033569536 – 53.776900282584 —
– —
57.42 – 1776427200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – – –