The pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 83.68 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 81.44 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candle chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish pattern 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 White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 86.77 |
| 2nd High | 84.49 |
| Next High | 83.68 |
| Current Price | 83.400000000 |
| Next Low | 81.44 |
| 2nd Low | 79.04 |
| 3rd Low | 76.7 |
83.68 – 83.17 – 80.56 – 81.44 – 81.65 – 79.04 — 63.673717282572 – 67.631537802997 — 100 – 100 – 85.828602324953 – 94.775885374426
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –