LTC/USDT – 30M – SELLFurthermore a ‘Double top chart pattern’ chart pattern is detected. The chart picture forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A descending movement down to the next support line at 90.750000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 97.990000000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Tweezers Top’ candle chart pattern is found. The chart forms ‘Tweezers Top’. this 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 chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 98.320000000 |
| Next High | 97.990000000 |
| Current Price | 93.830000000 |
| Next Low | 90.750000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
97.990000000 – 96.880000000 – 95.310000000 – 95.990000000 – 93.870000000 – 90.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Tweezers Top – Double top chart pattern