LTC/USDT – 4H – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 97.990000000 is expected.
Caution: A possible trend reversal in the direction of the support zone at 91.200000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Up’ candle pattern is discovered. The chart forms ‘Three Outside Up’. which is a positive chart scenario. 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’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 98.320000000 |
| Next High | 97.990000000 |
| Current Price | 103.990000000 |
| 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 Outside Up – Triple bottom chart pattern