LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support line at 97.360000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 108.750000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Tweezers Top’ candlestick chart pattern is found. The candles show ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 108.750000000 |
| Current Price | 106.380000000 |
| Next Low | 97.360000000 |
| 2nd Low | 96.830000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top