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 at 57.71 is certain.
Caution: A possible trend reversal in the direction of the support level at 54.76 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. 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 success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 59 |
| 2nd High | 58.71 |
| Next High | 57.71 |
| Current Price | 57.030000000 |
| Next Low | 54.76 |
| 2nd Low | 54.35 |
| 3rd Low | 53.91 |
56.43 – 56.03 – 55.64 – 54.76 – 54.95 – 54.99 —
56.970000000 – 57.040000000 —
76.592009963626 – 58.64688583156 —
– —
56.43 – 1777867200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –