LTC/USDT – 30M – BUY

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

An ascent upwards to the next resistance at 123.880000000 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 118.250000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘StochRSI fall below 80’ indicator layout is detected. The indicator is ‘StochRSI fall below 80’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 124.6166 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 123.880000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three White Soldiers’ candlestick chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

123.880000000 – 122.750000000 – 126.350000000 – 118.250000000 – 120.100000000 – 120.900000000 — 63.719411442177 – 68.352913043833

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three White Soldiers – – –