The combination Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 56.43 will persist.
Caution: A possible counter-trend in the direction of the support level at 54.84 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 58.71 |
| 2nd High | 57.71 |
| Next High | 56.43 |
| Current Price | 57.680000000 |
| Next Low | 54.84 |
| 2nd Low | 54.35 |
| 3rd Low | 53.91 |
56.43 – 56.03 – 57.71 – 54.84 – 54.35 – 53.91 —
55.360000000 – 56.780000000 —
43.192764234817 – 67.37345113341 —
– —
56.43 – 1777867200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – Rising Wedge Chart Pattern – –