LTC/USDT – 1H – BUY

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

An ascending movement upwards to the next resistance at 54.29 will continue.

Caution: A possible counter-trend in the direction of the support level at 53.02 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 54.11504 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 54.29 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Up’ candle pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

54.29 – 57.66 – 55.72 – 53.44 – 53.12 – 55.03 —
53.660000000 – 53.180000000 —
45.313410315926 – 36.921795651642 —
– —
54.29 – 1772870400

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