LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at is considered certain.
Caution: A possible trend reversal in the direction of support at 114.000000000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 118.330000000 |
| Next Low | 114.000000000 |
| 2nd Low | 99.660000000 |
| 3rd Low | 95.560000000 |
112.390000000 – 97.990000000 – 98.320000000 – 114.000000000 – 99.660000000 – 100.040000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom chart pattern