LTC/USDT – 1H – BUY

The combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline up.

A bullish trend upwards to the next resistance level at 84.120000000 will continue.

Caution: A possible counter-trend in the direction of the support level at 78.600000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 82.325 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 84.120000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

84.120000000 – 85.980000000 – 86.050000000 – 78.600000000 – 80.960000000 – 84.210000000

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