LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 59 will continue.
Caution: A possible change in the direction of the support level at 50.18 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish SBS White Lines’ candle pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66.02 |
| 2nd High | 61.38 |
| Next High | 59 |
| Current Price | 56.560000000 |
| Next Low | 50.18 |
| 2nd Low | 45.07 |
| 3rd Low |
59 – 56.01 – 55.47 – 50.18 – 52.71 – 51.42 —
58.460000000 – 56.860000000 —
70.714079152626 – 57.504531627981 —
– —
59 – 1772053200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish SBS White Lines – Symmetrical Triangle Chart Pattern – –