The pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 58.32 is expected.
Caution: A possible counter-trend in the direction of the support zone at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.
Furthermore a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish pattern 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 Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 59.49 |
| 2nd High | 59.14 |
| Next High | 58.32 |
| Current Price | 58.110000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
58.32 – 59.14 – 58.99 – 57.66 – 57.62 – 56.05 —
57.960000000 – 58.120000000 —
45.177563255231 – 49.673679311084 —
– —
58.32 – 1778365800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – – –