LTC/USDT – 4H – BUY

The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline up.

A continuation of the upward movement up to the next resistance at 134.190000000 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 118.360000000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair could go up.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 126.86692 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 134.190000000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Up’ candlestick chart pattern is detected. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 — 39.272474206415 – 41.242903235416

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