LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 89.310000000 will continue.
Caution: A possible change in the direction of the support level at 86.710000000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 90.97 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 89.310000000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 90.970000000 |
| Next High | 89.310000000 |
| Current Price | 90.610000000 |
| Next Low | 86.710000000 |
| 2nd Low | 86.590000000 |
| 3rd Low | 81.950000000 |
88.460000000 – 89.310000000 – 89.130000000 – 86.710000000 – 86.590000000 – 81.950000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three White Soldiers