LTC/USDT – 30M – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 84.17 is expected.
Caution: A possible change in the direction of the support level at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 84.54 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance zone at 84.17 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.54 |
| 2nd High | 84.39 |
| Next High | 84.17 |
| Current Price | 83.850000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
84.17 – 84.39 – 83.9 – 82.5 – 80.82 – 80.32 — 56.000532844329 – 56.971123572418 — 55.819870559755 – 65.031371967788 – 39.181406172255 – 51.016912866624
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double bottom retreat down – –