LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance level at 84.390000000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 80.82 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.
In addition a ‘Three Outside Up’ candlestick pattern is existing. 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’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 109.59 |
| 2nd High | 97.55 |
| Next High | 84.390000000 |
| Current Price | 83.880000000 |
| Next Low | 80.82 |
| 2nd Low | 80.32 |
| 3rd Low | 80.01 |
84.390000000 – 97.55 – 109.59 – 80.82 – 80.32 – 80.01 — 53.441105665929 – 56.958207738427 — 51.138507911811 – 67.20785899711 – 54.616210581704 – 56.466837348589
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom chart pattern – –