LTC/USDT – 4H – SELLAdditionally a ‘Double bottom chart pattern’ chart formation is existing. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.
The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support level at 91.200000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 98.320000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Shooting Star’ candle pattern is existing. The candles form ‘Shooting Star’. 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 ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.940000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 98.160000000 |
| Next Low | 91.200000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
97.990000000 – 98.320000000 – 92.290000000 – 91.200000000 – 85.160000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Shooting Star – Double bottom chart pattern