LTC/USDT – 1H – BUY

The pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 56.76 will persist.

Caution: A possible counter-trend in the direction of the support level at 55.75 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 56.76 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 56.76 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three White Soldiers’ candle chart pattern is detected. The candles form ‘Three White Soldiers’. this 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 success rate of a ‘Three White Soldiers’ heading up is 82%.

56.76 – 56.27 – 56.55 – 55.75 – 54.9 – 54.76 —
56.070000000 – 56.390000000 —
39.148168688718 – 54.883355484142 —
– —
56.76 – 1777064400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – – –