LTC/USDT – 1H – BUY

The currency pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.

A continuation of the bullish trend up to the next resistance at 57.71 is certain.

Caution: A possible trend reversal in the direction of the support level at 54.76 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.

56.43 – 56.03 – 55.64 – 54.76 – 54.95 – 54.99 —
56.970000000 – 57.040000000 —
76.592009963626 – 58.64688583156 —
– —
56.43 – 1777867200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –