The pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline up.
An ascent upwards to the next resistance level at 86.77 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 74.66 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.55 |
| 2nd High | 87.8 |
| Next High | 86.77 |
| Current Price | 80.610000000 |
| Next Low | 74.66 |
| 2nd Low | 52.71 |
| 3rd Low |
86.77 – 85.97 – 84.83 – 82.16 – 83.68 – 74.66 — 30.225163800563 – 31.662389261643 — 11.88864142539 – 23.198218262806 – 6.9157509401508 – 13.189872500513
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – – –