LTC/USDT – 1H – BUY

The currency pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards

An ascent up to the next resistance at 105.980000000 will persist.

Caution: A possible counter-trend in the direction of the support level at 97.540000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 110.325 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 105.980000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Inverted Hammer’ candle chart pattern is found. The chart shows ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).

Download LTC/USDT Signal Image

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Inverted Hammer