LTC/USDT – 1H – BUY

Also there is a ‘Double bottom chart pattern’ chart pattern is detected. The formation shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to rise.

The currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance line at 112.390000000 is expected.

Caution: A possible change in the direction of the support zone at should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 107.38916 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 112.390000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Up’ candlestick pattern is found. The chart forms ‘Three Outside Up’. which is a positive pattern 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).

112.390000000 – 97.990000000 – 98.320000000 – 100.040000000 – 95.560000000 – 91.200000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Up – Double bottom chart pattern