LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 86.050000000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 84.210000000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
And also a ‘Inverted Hammer’ candle pattern is found. The candles form ‘Inverted Hammer’. 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 likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.170000000 |
| 2nd High | 87.390000000 |
| Next High | 86.050000000 |
| Current Price | 85.760000000 |
| Next Low | 84.210000000 |
| 2nd Low | 83.340000000 |
| 3rd Low | 82.490000000 |
86.050000000 – 85.680000000 – 87.390000000 – 84.210000000 – 83.340000000 – 82.490000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Inverted Hammer