LTC/USDT – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 52.64726 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 53.94 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.75 |
| 2nd High | 54.29 |
| Next High | 53.94 |
| Current Price | 52.770000000 |
| Next Low | 52.2 |
| 2nd Low | 51.47 |
| 3rd Low | 51.03 |
53.94 – 53.75 – 54.29 – 52.2 – 52.65 – 53.21 —
52.630000000 – 52.980000000 —
36.531631213956 – 48.17438294177 —
– —
53.94 – 1772965800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –