LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) moves from the descending trendline up.
A bullish ascent upwards to the next resistance level at 114.620000000 will persist.
Caution: A possible counter-trend in the direction of the support level at 106.700000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Engulfing’ chart pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 114.620000000 |
| Current Price | 109.610000000 |
| Next Low | 106.700000000 |
| 2nd Low | 103.160000000 |
| 3rd Low | 99.660000000 |
114.620000000 – 116.270000000 – 124.770000000 – 111.440000000 – 111.320000000 – 112.170000000 — 34.149211649148 – 38.614324389875
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – Triple top chart pattern – –