LTC/USDT – 30M – BUYThe combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance at 56.330000000 will continue.
Caution: A possible counter-trend in the direction of the support level at 55.3 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Bearish SBS White Lines’ candlestick chart pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 58.71 |
| Next High | 56.330000000 |
| Current Price | 55.970000000 |
| Next Low | 55.3 |
| 2nd Low | 54.93 |
| 3rd Low | 54.37 |
56.330000000 – 58.71 – 55.58 – 55.3 – 54.93 – 54.37 —
56.330000000 – 56.030000000 —
46.50750889549 – 39.939552822692 —
56.330000000 – 1773867600 —
– 1773867600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish SBS White Lines – – –