LTC/USDT – 30M – BUYMoreover a ‘Falling Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The pair is likely to go up.
The pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 97.680000000 is certain.
Caution: A possible change in the direction of the support line at 87.590000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 97.680000000 |
| Current Price | 90.250000000 |
| Next Low | 87.590000000 |
| 2nd Low | 86.710000000 |
| 3rd Low | 86.590000000 |
89.540000000 – 88.120000000 – 88.460000000 – 87.590000000 – 86.710000000 – 86.590000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bullish Engulfing