LTC/USDT – 1H – BUY

The currency pair Litecoin/Tether (LTC/USDT) breaks through the descending trendline up.

A bullish ascent upwards to the next resistance line at 128.150000000 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 118.360000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘RSI cross above 70’ indicator signal is detected. The indicator shows ‘RSI cross above 70’. which is often a bullish chart scenario. The pair is likely to go up.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 128.15 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 128.150000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

128.150000000 – 126.140000000 – 126.350000000 – 118.360000000 – 122.070000000 – 118.250000000 — 75.272538187196 – 77.052677287832

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – – –