LTC/USDT – 1H – BUY

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

A bullish ascent up to the next resistance at 54.41 is expected.

Caution: A possible counter-trend in the direction of the support line at 52.22 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K crosses above 0.2’ indicator layout is discovered. The indicator shows ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart signal. The pair is likely to go up.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Besides a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

54.41 – 54.93 – 55.18 – 52.22 – 53.64 – 53.26 —
53.990000000 – 53.380000000 —
52.098935759118 – 40.604041815731 —
– —
54.41 – 1774857600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – – –