LTC/USDT – 4H – BUYThe pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 80.58 is likely expected.
Caution: A possible counter-trend in the direction of support at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 84.0442 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 80.58 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 87.8 |
| 2nd High | 86.77 |
| Next High | 80.58 |
| Current Price | 81.820000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
80.58 – 79.49 – 79.41 – 76.08 – 76.92 – 75.22 — 49.30787463643 – 51.154604709303 — 74.793945157711 – 81.451101600888 – 58.720645335147 – 69.079885877318
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Triple bottom chart pattern – –