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 line at 56.71 is expected.

Caution: A possible counter-trend in the direction of the support zone at 53.8 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. this 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

56.71 – 55.48 – 55.28 – 53.8 – 53.43 – 53.62 —
55.950000000 – 55.440000000 —
51.462951879824 – 47.130409733013 —
– —
56.71 – 1773406800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – – –