LTC/USDT – 1H – BUY

The currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards

A bearish movement downwards to the next support level at 91.530000000 is considered certain.

Caution: A possible change in the direction of the resistance line at 103.180000000 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 100.50248 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 103.180000000 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Bullish Engulfing’ candle pattern is detected. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

Download LTC/USDT Signal Image

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing