LTC/USDT – 1H – BUY

The currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline up.

A continuation of the upward movement up to the next resistance level at 83.68 is certain.

Caution: A possible trend reversal in the direction of the support level at is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 83.68 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 83.68 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive 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’ going up is 75% (Bull Market) & 74% (Bear Market).

83.68 – 78.55 – 79.03 – 81.44 – 76.08 – 77.62 — 56.434822730433 – 62.463810060432 — 33.779444101688 – 60.188568807049 – 22.453714689489 – 37.77229367377

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