The currency pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 102.940000000 is likely expected.
Caution: A possible counter-trend in the direction of support at 91.200000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 98.32 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 102.940000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three White Soldiers’ candle chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107.050000000 |
| 2nd High | 105.070000000 |
| Next High | 102.940000000 |
| Current Price | 101.580000000 |
| Next Low | 91.200000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
97.990000000 – 98.320000000 – 92.290000000 – 91.200000000 – 85.160000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three White Soldiers – Triple bottom chart pattern