LTC/USDT – 30M – BUY

The combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.

A bullish movement upwards to the next resistance at 122.000000000 is certain.

Caution: A possible trend reversal in the direction of the support line at 112.800000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

119.860000000 – 117.120000000 – 122.000000000 – 112.800000000 – 112.590000000 – 112.730000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up –