LTC/USDT – 4H – BUY

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

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

Caution: A possible change in the direction of support at 52.66 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Advance Block’ chart pattern is detected. The chart shows ‘Advance Block’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).

57.42 – 55.71 – 55.74 – 52.66 – 52.91 – 52.59 —
55.850000000 – 54.660000000 —
50.635888662872 – 43.314133675132 —
– —
57.42 – 1776427200

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