LTC/USDT – 1H – BUY

The pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance level at 61.38 is likely expected.

Caution: A possible trend reversal in the direction of support at 57.07 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 58.945 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 61.38 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Inverted Hammer’ chart pattern is found. The candles form ‘Inverted Hammer’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).

61.38 – 60.49 – 61.17 – 57.07 – 56.87 – 58.94 —
59.280000000 – 58.370000000 —
48.578087299851 – 37.587001550196 —
– —
61.38 – 1770148800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Inverted Hammer – Symmetrical Triangle Chart Pattern – –