LTC/USDT – 4H – BUY

The combination Litecoin/Tether (LTC/USDT) breaks through the descending trendline upwards

A bullish ascent up to the next resistance level at 120.830000000 will continue.

Caution: A possible counter-trend in the direction of support at 111.920000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 117.4198 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 120.830000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. which is a positive 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%.

120.830000000 – 118.730000000 – 115.120000000 – 111.920000000 – 109.500000000 – 106.380000000 — 44.130448076908 – 47.031612047276

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