LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A descent downwards to the next support at 104.610000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 117.380000000 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Concealing Baby Swallow’ candle chart pattern is existing. The candles form ‘Concealing Baby Swallow’. this 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 ‘Concealing Baby Swallow’ going down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 117.380000000 |
| Current Price | 111.130000000 |
| Next Low | 104.610000000 |
| 2nd Low | 97.360000000 |
| 3rd Low | 96.830000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Concealing Baby Swallow