LTC/USDT – 30M – BUY

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

A bullish ascent upwards to the next resistance at 53.94 is likely expected.

Caution: A possible change in the direction of the support level at 52.2 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 53.245 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 53.94 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Inverted Hammer’ candle chart pattern is detected. The candles show ‘Inverted Hammer’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ going up is 65% (Bull Market).

53.94 – 53.75 – 54.29 – 52.2 – 52.65 – 53.21 —
53.110000000 – 52.940000000 —
50.279545056996 – 43.057209091476 —
– —
53.94 – 1772965800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Inverted Hammer – – –