Furthermore a ‘Falling Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The pair is likely to go up.
The currency pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 86.050000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 84.640000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 85.41044 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 86.050000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive 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 | 89.830000000 |
2nd High | 87.390000000 |
Next High | 86.050000000 |
Current Price | 85.030000000 |
Next Low | 84.640000000 |
2nd Low | 84.450000000 |
3rd Low | 83.720000000 |
86.050000000 – 85.600000000 – 85.330000000 – 84.640000000 – 84.450000000 – 83.720000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Northern Doji