LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 113.130000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 120.830000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 133.990000000 |
| 2nd High | 124.770000000 |
| Next High | 120.830000000 |
| Current Price | 116.440000000 |
| Next Low | 113.130000000 |
| 2nd Low | 112.000000000 |
| 3rd Low | 111.920000000 |
118.120000000 – 115.870000000 – 116.760000000 – 113.130000000 – 112.000000000 – 111.920000000 — 48.781967799595 – 44.345399270232
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –