LTC/USDT – 4H – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at 85.160000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 98.320000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candlestick pattern is existing. The chart shows ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.940000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 96.180000000 |
| Next Low | 85.160000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
98.320000000 – 92.290000000 – 86.050000000 – 85.160000000 – 84.750000000 – 83.550000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern