LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.

The bearish trend downwards to the next support at 85.160000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 98.950000000 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Southern Doji’ chart pattern is detected. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

88.280000000 – 92.290000000 – 88.490000000 – 85.160000000 – 85.650000000 – 84.750000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Southern Doji – Double bottom retreat down