LTC/USDT – 4H – BUY

The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 134.190000000 is considered certain.

Caution: A possible change in the direction of the support level at 118.360000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 126.86692 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 134.190000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

134.190000000 – 126.420000000 – 129.160000000 – 118.360000000 – 118.250000000 – 103.160000000 — 41.435187932208 – 45.722199577413

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