LTC/USDT – 4H – SELLIn addition a ‘Double top chart pattern’ chart layout is detected. The chart forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards
A descent downwards to the next support at 103.160000000 will continue.
Caution: A possible change in the direction of the resistance level at 123.200000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles form ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 134.190000000 |
| Next High | 123.200000000 |
| Current Price | 116.090000000 |
| Next Low | 103.160000000 |
| 2nd Low | 99.660000000 |
| 3rd Low | 91.200000000 |
123.200000000 – 134.190000000 – 126.420000000 – 116.550000000 – 118.360000000 – 118.250000000 — 45.102925352685 – 38.744276123284
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –