LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A bearish movement downwards to the next support line at 99.460000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 106.510000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Tweezers Bottom’ candle pattern is found. The candles show ‘Tweezers Bottom’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 106.510000000 |
| Current Price | 100.750000000 |
| Next Low | 99.460000000 |
| 2nd Low | 97.540000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Bottom