LTC/USDT – 30M – BUYThe pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 83.68 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 81.44 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Besides a ‘Bullish Engulfing’ candle chart pattern is found. The chart forms ‘Bullish Engulfing’. 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 chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 86.77 |
| 2nd High | 84.49 |
| Next High | 83.68 |
| Current Price | 82.340000000 |
| Next Low | 81.44 |
| 2nd Low | 79.04 |
| 3rd Low | 76.7 |
83.68 – 83.17 – 80.56 – 81.44 – 81.65 – 79.04 — 46.819084272248 – 54.249849508164 — 63.875219541216 – 73.088923556942 – 58.557059651103 – 64.154706078723
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –