LTC/USDT – 4H – BUY

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

An ascending movement up to the next resistance line at 55.71 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 52.66 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Three Outside Up’ candlestick pattern is found. The candles show ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

55.71 – 55.74 – 54.78 – 52.66 – 52.91 – 52.59 —
54.270000000 – 55.720000000 —
48.423535123247 – 58.372522310796 —
– —
55.71 – 1775923200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – – –