LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 54.64 is expected.
Caution: A possible change in the direction of support at 52.91 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 54.78 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 54.64 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 54.93 |
| 2nd High | 54.78 |
| Next High | 54.64 |
| Current Price | 55.360000000 |
| Next Low | 52.91 |
| 2nd Low | 52.59 |
| 3rd Low | 51.4 |
54.64 – 53.86 – 53.49 – 52.91 – 52.59 – 52.99 —
53.500000000 – 54.250000000 —
39.526990634633 – 62.094923445302 —
– —
54.64 – 1775466000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – – –