LTC/USDT – 1H – BUY

The combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.

A bullish trend upwards to the next resistance level at 115.470000000 is expected.

Caution: A possible reversal of the trend in the direction of support at 109.330000000 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘RSI cross above 70’ indicator signal is found. The indicator shows ‘RSI cross above 70’. this is usually a bullish signal. The pair is likely to go up.

Moreover a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

115.470000000 – 116.380000000 – 115.430000000 – 109.330000000 – 108.180000000 – 106.580000000 — 56.199238692353 – 56.653085444181

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double bottom retreat down –