LTC/USDT – 1H – BUY

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

A bullish trend upwards to the next resistance level at 56.35 is expected.

Caution: A possible change in the direction of the support level at 54.93 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 56.255 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 56.35 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

56.35 – 58.71 – 55.58 – 55.3 – 54.93 – 54.37 —
55.650000000 – 55.100000000 —
42.558502888627 – 35.996456461758 —
– —
56.35 – 1773889200

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