The combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 84.83 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 83.41 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 84.46834 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 84.83 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 86.77 |
| 2nd High | 85.73 |
| Next High | 84.83 |
| Current Price | 84.040000000 |
| Next Low | 83.41 |
| 2nd Low | 83.14 |
| 3rd Low | 83.08 |
84.83 – 84.71 – 84.54 – 83.41 – 83.14 – 83.98 — 48.225944765949 – 49.249650524451 — 17.674696736716 – 36.713366364827 – 6.9434633133752 – 18.917751741355
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – – –