The currency pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 43.86 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 43.1 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
And also a ‘Three Outside Up’ candlestick chart pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 45.84 |
| 2nd High | 43.93 |
| Next High | 43.86 |
| Current Price | 44.070000000 |
| Next Low | 43.1 |
| 2nd Low | 41.14 |
| 3rd Low | 40.03 |
43.86 – 43.93 – 43.7 – 43.1 – 41.14 – 41.33 —
43.480000000 – 43.930000000 —
49.812630597843 – 57.655771871941 —
– —
43.86 – 1783040400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern – –