LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 102.940000000 will persist.
Caution: A possible change in the direction of the support level at 95.560000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Outside Up’ candle chart pattern is detected. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.960000000 |
| 2nd High | 105.070000000 |
| Next High | 102.940000000 |
| Current Price | 104.260000000 |
| Next Low | 95.560000000 |
| 2nd Low | 91.200000000 |
| 3rd Low | 90.750000000 |
97.990000000 – 98.320000000 – 88.280000000 – 95.560000000 – 91.200000000 – 93.870000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom chart pattern