The pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 123.880000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 120.100000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI cross above 20’ indicator layout is discovered. The indicator shows ‘StochRSI cross above 20’. this is usually a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
In addition a ‘Three Outside Up’ candle pattern is detected. The candles show ‘Three Outside Up’. which is a bullish 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 | 126.420000000 |
| 2nd High | 126.350000000 |
| Next High | 123.880000000 |
| Current Price | 122.130000000 |
| Next Low | 120.100000000 |
| 2nd Low | 119.320000000 |
| 3rd Low | 117.370000000 |
123.880000000 – 122.750000000 – 126.350000000 – 120.100000000 – 120.900000000 – 122.830000000 — 49.09547256242 – 55.534060878803
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – – –