The currency pair Litecoin/Tether (LTC/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 46.08 will persist.
Caution: A possible reversal of the trend in the direction of support at 44.43 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 45.46154 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 46.08 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Up’ candlestick chart pattern is found. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 46.92 |
| 2nd High | 46.36 |
| Next High | 46.08 |
| Current Price | 44.910000000 |
| Next Low | 44.43 |
| 2nd Low | 43.77 |
| 3rd Low | 43.73 |
46.08 – 44.63 – 44.43 – 44.43 – 43.77 – 43.73 —
45.300000000 – 44.650000000 —
52.721501638188 – 35.168141220041 —
– —
46.08 – 1782055800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – – –