LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 92.290000000 is expected.
Caution: A possible reversal of the trend in the direction of support at 85.650000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ candle chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 94.170000000 |
| Next High | 92.290000000 |
| Current Price | 87.850000000 |
| Next Low | 85.650000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
92.290000000 – 88.490000000 – 85.950000000 – 85.650000000 – 84.750000000 – 83.550000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bullish Engulfing –