LTC/USDT – 4H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A bearish descent down to the next support at 106.700000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 124.770000000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Three Inside Down’ candlestick chart pattern is detected. The candles show ‘Three Inside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 134.190000000 |
| Next High | 124.770000000 |
| Current Price | 112.760000000 |
| Next Low | 106.700000000 |
| 2nd Low | 103.160000000 |
| 3rd Low | 99.660000000 |
124.770000000 – 123.660000000 – 123.200000000 – 106.700000000 – 112.510000000 – 112.060000000 — 45.360530233172 – 44.061126658647
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – Double top retreat up – –