The currency pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance level at 56.47 is likely expected.
Caution: A possible counter-trend in the direction of the support level at is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.
Next a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.
Next a ‘Three Outside Up’ candle chart pattern is discovered. The candles show ‘Three Outside Up’. 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 probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 60.99 |
| 2nd High | 59.49 |
| Next High | 56.47 |
| Current Price | 55.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
56.47 – 52.51 – 59.49 – 54.18 – 45.07 – 57.07 —
54.910000000 – 54.750000000 —
55.092369998825 – 50.490067844968 —
– —
56.47 – 1770399000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – – –