LTC/USDT – 30M – BUY

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

A bullish movement upwards to the next resistance line at 55.72 will continue.

Caution: A possible counter-trend in the direction of the support level at 54.67 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 56.011 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 55.72 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

55.4 – 55.44 – 55.72 – 54.67 – 54.64 – 53.91 —
55.520000000 – 55.520000000 —
62.831883583191 – 56.504377408282 —
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55.4 – 1776709800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish SBS White Lines – Symmetrical Triangle Chart Pattern – –