LTC/USDT – 30M – SELLFurthermore a ‘Double top chart pattern’ chart layout is detected. The chart picture shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A bearish descent down to the next support level at 118.360000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 133.990000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Tweezers Top’ chart pattern is existing. The chart forms ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 134.190000000 |
| Next High | 133.990000000 |
| Current Price | 128.300000000 |
| Next Low | 118.360000000 |
| 2nd Low | 118.250000000 |
| 3rd Low | 117.370000000 |
133.990000000 – 134.190000000 – 131.990000000 – 128.900000000 – 128.580000000 – 118.360000000 — 40.153642934359 – 37.236609094351
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top – Double top chart pattern – –