LTC/USDT – 30M – BUYThe currency pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 96.580000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 94.520000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Outside Up’ candlestick pattern is discovered. The candles show ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 97.680000000 |
| Next High | 96.580000000 |
| Current Price | 96.350000000 |
| Next Low | 94.520000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
96.580000000 – 88.280000000 – 89.200000000 – 94.520000000 – 85.160000000 – 85.970000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up –