LTC/USDT – 4H – BUY

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

A bullish ascent upwards to the next resistance line at 57.42 is considered certain.

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

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.

Then a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 56.38638 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 57.42 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Up’ candle pattern is existing. The chart shows ‘Three Outside Up’. which is a positive 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).

57.42 – 55.71 – 55.74 – 53.910000000 – 52.66 – 52.91 —
54.820000000 – 55.250000000 —
36.295560621333 – 44.915239528487 —
53.910000000 – 1776628800 —
57.42 – 1776427200

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