LTC/USDT – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 62.745 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 66.02 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Latter Bottom’ candlestick pattern is found. The chart forms ‘Latter Bottom’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71.73 |
| 2nd High | 70.49 |
| Next High | 66.02 |
| Current Price | 58.920000000 |
| Next Low | 55 |
| 2nd Low | 52.71 |
| 3rd Low |
66.02 – 70.49 – 70.12 – 55 – 63.65 – 62.71 —
59.720000000 – 59.300000000 —
43.417487159977 – 40.551725382313 —
– —
66.02000 – 1769799600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Latter Bottom – – –