LTC/USDT – 30M – BUY

The pair Litecoin/Tether (LTC/USDT) moves from the descending trendline up.

The bullish trend up to the next resistance level at 55.72 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 54.59 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bullish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

55.72 – 56.66 – 57.42 – 54.7 – 55.24 – 55.56 —
55.400000000 – 54.730000000 —
46.647697764282 – 34.574494760716 —
– —
55.72 – 1776603600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Belt Hold – – –