LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance level at 82.040000000 is certain.
Caution: A possible trend reversal in the direction of support at 76.170000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 85.980000000 |
| 2nd High | 84.120000000 |
| Next High | 82.040000000 |
| Current Price | 80.360000000 |
| Next Low | 76.170000000 |
| 2nd Low | 75.660000000 |
| 3rd Low | 74.920000000 |
82.040000000 – 84.120000000 – 85.980000000 – 76.170000000 – 78.600000000 – 80.960000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Northern Doji