LTC/USDT – 30M – BUYThe pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline upwards
A bullish movement upwards to the next resistance at 89.04 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 79.68 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.94 |
| 2nd High | 97.55 |
| Next High | 89.04 |
| Current Price | 83.450000000 |
| Next Low | 79.68 |
| 2nd Low | 52.71 |
| 3rd Low |
89.04 – 97.55 – 96.5 – 86.01 – 94.62 – 90.43 — 34.97940656164 – 42.705127881372 — 54.998952001677 – 88.33228533501 – 28.321089066995 – 57.266820373087
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – Triple top chart pattern – –