LTC/USDT – 1H – BUY

The currency pair Litecoin/Tether (LTC/USDT) breaks through the bearish trendline upwards

A bullish ascent up to the next resistance line at 71.73 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 65.58 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 70.825 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 71.73 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

71.73 – 75.9 – 75.36 – 69.61 – 65.58 – 74.24 —
69.160000000 – 67.290000000 —
28.996438564231 – 22.389700884343 —
– —
71.73000 – 1768849200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – – –