LTC/USDT – 30M – BUYThe combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline upwards
An ascending movement upwards to the next resistance line at 85.540000000 is considered certain.
Caution: A possible change in the direction of the support level at 83.780000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 85.95 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 85.540000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 85.980000000 |
| 2nd High | 85.950000000 |
| Next High | 85.540000000 |
| Current Price | 85.050000000 |
| Next Low | 83.780000000 |
| 2nd Low | 76.170000000 |
| 3rd Low |
85.540000000 – 85.950000000 – 85.340000000 – 83.780000000 – 84.070000000 – 83.900000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – – Double top retreat up