LTC/USDT – 1H – BUY

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

The bullish trend up to the next resistance level at 115.430000000 will persist.

Caution: A possible change in the direction of the support level at 106.580000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘RSI cross above 70’ indicator layout is detected. The indicator is ‘RSI cross above 70’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 116.94932 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 115.430000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Up’ candlestick pattern is found. The candles form ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

115.430000000 – 122.290000000 – 122.000000000 – 106.580000000 – 112.590000000 – 114.000000000 — 50.346174722295 – 57.793952914048

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Triple top chart pattern –