LTC/USDT – 30M – BUY

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

The bullish trend up to the next resistance at 55.71 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 54.84 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 55.74916 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 55.71 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

55.44 – 55.71 – 56.03 – 54.84 – 55.05 – 55.13 —
55.370000000 – 55.410000000 —
60.693942856394 – 61.796588068627 —
– —
55.44 – 1777737600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – – –