LTC/USDT – 30M – BUY

The pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline up.

The bullish trend up to the next resistance level at 122.130000000 is considered certain.

Caution: A possible counter-trend in the direction of support at 118.280000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish 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. Target of the current trend is 121.0286 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 122.130000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. 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 Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

122.130000000 – 122.780000000 – 123.660000000 – 118.280000000 – 120.400000000 – 119.970000000 — 43.084360512602 – 44.70875555718

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – – –