LTC/USDT – 1H – BUY

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

A bullish movement upwards to the next resistance level at 115.870000000 will continue.

Caution: A possible change in the direction of support at 112.000000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 116.375 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 115.870000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

115.870000000 – 116.760000000 – 120.830000000 – 112.000000000 – 111.920000000 – 113.930000000 — 54.712163110368 – 55.886488515276

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Inverse Head and Shoulder chart pattern – –