LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A descent downwards to the next support at 94.520000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 97.680000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Tweezers Top’ chart pattern is found. The chart shows ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 97.680000000 |
| Current Price | 96.870000000 |
| Next Low | 94.520000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
96.580000000 – 88.280000000 – 89.200000000 – 94.520000000 – 85.160000000 – 85.970000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Tweezers Top –