LTC/USDT – 30M – BUY

The combination Litecoin/Tether (LTC/USDT) breaks through the bearish trendline up.

A bullish trend upwards to the next resistance line at 53.34 is considered certain.

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

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal 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 bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 53.18504 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 53.34 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Up’ candle pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

53.34 – 53.51 – 53.71 – 51.51 – 51 – 52.85 —
53.240000000 – 52.740000000 —
58.50400168983 – 42.102556710724 —
– —
53.34 – 1770940800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Up – Head and Shoulder chart pattern – –