LTC/USDT – 1H – BUY

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

A bullish movement up to the next resistance level at 57.42 will persist.

Caution: A possible trend reversal in the direction of the support level at 53.78 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Advance Block’ candlestick chart pattern is discovered. The chart forms ‘Advance Block’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).

57.42 – 56.61 – 55.27 – 54.7 – 55.24 – 55.34 —
55.290000000 – 54.420000000 —
31.222313707418 – 35.823793015131 —
– —
57.42 – 1776430800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Advance Block – – –