LTC/USDT – 4H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 98.490000000 is likely expected.
Caution: A possible change in the direction of the support line at 81.540000000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 98.49 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 98.490000000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘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 | |
| 2nd High | |
| Next High | 98.490000000 |
| Current Price | 93.930000000 |
| Next Low | 81.540000000 |
| 2nd Low | 68.000000000 |
| 3rd Low | 64.450000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers