LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 97.210000000 is expected.
Caution: A possible change in the direction of the resistance line at 117.380000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles form ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 117.380000000 |
| Current Price | 102.080000000 |
| 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