The pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 43.86 is certain.
Caution: A possible counter-trend in the direction of support at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 43.93 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 43.86 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. this 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 45.84 |
| 2nd High | 43.93 |
| Next High | 43.86 |
| Current Price | 43.350000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
43.86 – 43.93 – 43.7 – 43.1 – 42.54 – 41.14 —
43.260000000 – 43.480000000 —
43.732128932397 – 45.062206920469 —
– —
43.86 – 1783042200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –