LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 89.130000000 is likely expected.
Caution: A possible counter-trend in the direction of support at 81.950000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 90.970000000 |
| Next High | 89.130000000 |
| Current Price | 87.480000000 |
| Next Low | 81.950000000 |
| 2nd Low | 80.990000000 |
| 3rd Low | 75.660000000 |
89.130000000 – 90.970000000 – 90.580000000 – 81.950000000 – 88.670000000 – 85.740000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Northern Doji