LTC/USDT – 30M – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 114.590000000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 112.170000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Bullish Engulfing’ chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 114.590000000 |
| Current Price | 113.150000000 |
| Next Low | 112.170000000 |
| 2nd Low | 106.700000000 |
| 3rd Low | 103.160000000 |
114.590000000 – 116.270000000 – 114.790000000 – 112.170000000 – 112.770000000 – 106.700000000 — 49.718041268366 – 52.678396227071
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – Double top retreat up – –