LTC/USDT – 1H – BUY

The pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.

The bearish trend down to the next support level at 99.460000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 106.510000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 104.185 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 106.510000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bullish Engulfing’ candle chart pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

Download LTC/USDT Signal Image

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