LTC/USDT – 1H – BUY

The combination Litecoin/Tether (LTC/USDT) moves from the ascending trendline up.

A continuation of the uptrend upwards to the next resistance level at 118.730000000 is considered certain.

Caution: A possible change in the direction of the support level at 111.900000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 118.73 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 118.730000000 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Up’ candle pattern is found. The chart shows ‘Three Outside Up’. this is a bullish 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).

118.730000000 – 115.420000000 – 115.410000000 – 111.900000000 – 111.230000000 – 109.500000000 — 61.033202273017 – 63.349370792961

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom retreat down – –