LTC/USDT – 1H – BUY

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

A bullish ascent upwards to the next resistance line at 54.64 will persist.

Caution: A possible trend reversal in the direction of support at 52.59 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Moreover a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The 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).

54.64 – 53.86 – 53.49 – 52.59 – 52.99 – 51.4 —
54.350000000 – 53.880000000 —
61.516016991775 – 34.733041345363 —
– —
54.64 – 1775466000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – – –