LTC/USDT – 1H – BUY

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

A bullish trend upwards to the next resistance line at 126.350000000 is certain.

Caution: A possible counter-trend in the direction of the support line at 122.070000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘StochRSI cross above 20’ indicator signal is detected. The indicator shows ‘StochRSI cross above 20’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 126.42 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 126.350000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

126.140000000 – 126.350000000 – 126.420000000 – 122.070000000 – 118.250000000 – 119.320000000 — 53.34771822695 – 53.965089957813

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double top retreat up – –