LTC/USDT – 1H – BUY

The currency pair Litecoin/Tether (LTC/USDT) breaks through the ascending trendline up.

A continuation of the upward movement upwards to the next resistance line at 134.190000000 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 118.360000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 134.19 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 134.190000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘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).

134.190000000 – 128.150000000 – 126.140000000 – 118.360000000 – 122.070000000 – 118.250000000 — 54.947348252211 – 55.476609080818

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double bottom chart pattern – –