LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 109.59 is expected.
Caution: A possible trend reversal in the direction of the support level at 93.22 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Besides a ‘Three Outside Up’ candlestick chart pattern is existing. The candles form ‘Three Outside Up’. this is a bullish pattern signal. 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’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 135.99 |
| 2nd High | 113.71 |
| Next High | 109.59 |
| Current Price | 95.790000000 |
| Next Low | 93.22 |
| 2nd Low | 85.95 |
| 3rd Low | 85.3 |
109.59 – 99.1 – 113.71 – 94.15 – 99.87 – 93.22 — 56.895190139127 – 58.450613636787 — 98.322152898313 – 98.322152898313 – 98.881435265542 – 98.322152898313
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Double top retreat up – –