LTC/USDT – 1H – BUY

Next a ‘Double bottom chart pattern’ chart pattern is found. The formation shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.

The pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline upwards

A continuation of the uptrend up to the next resistance level at 112.390000000 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 107.38916 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 112.390000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Up’ candle pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The 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).

112.390000000 – 97.990000000 – 98.320000000 – 100.040000000 – 95.560000000 – 91.200000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom chart pattern