LTC/USDT – 30M – BUY

The combination Litecoin/Tether (LTC/USDT) jumps from the bearish trendline up.

A bullish trend up to the next resistance at 98.320000000 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 92.460000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 95.21424 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 98.320000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

98.320000000 – 96.580000000 – 88.280000000 – 92.460000000 – 92.670000000 – 94.520000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Northern Doji –