The pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 84.580000000 is considered certain.
Caution: A possible change in the direction of the support line at is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.
Also there is a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 90.970000000 |
2nd High | 89.130000000 |
Next High | 84.580000000 |
Current Price | 87.480000000 |
Next Low | |
2nd Low | |
3rd Low |
84.580000000 – 89.130000000 – 89.050000000 – 81.950000000 – 87.400000000 – 89.890000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Northern Doji