LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support at 97.210000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 103.870000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Belt Hold’ chart pattern is discovered. The chart forms ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114.900000000 |
| 2nd High | 105.030000000 |
| Next High | 103.870000000 |
| Current Price | 101.590000000 |
| Next Low | 97.210000000 |
| 2nd Low | 96.830000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold