LTC/USDT – 30M – BUYThe combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 86.2 is certain.
Caution: A possible trend reversal in the direction of the support line at 84.42 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Hammer’ candlestick pattern is found. The candles show ‘Hammer’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 87.25 |
| 2nd High | 86.76 |
| Next High | 86.2 |
| Current Price | 84.850000000 |
| Next Low | 84.42 |
| 2nd Low | 84.14 |
| 3rd Low | 83.08 |
86.2 – 86.76 – 87.25 – 84.42 – 84.14 – 83.08 — 45.940616792605 – 47.065795781559 — 34.78201490099 – 33.946968962956 – 50.876559373776 – 40.386473031581
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Hammer – Rising Wedge Chart Pattern – –