LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 86.01 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 97.55 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Tweezers Top’ chart pattern is detected. The chart forms ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.71 |
| 2nd High | 109.59 |
| Next High | 97.55 |
| Current Price | 86.890000000 |
| Next Low | 86.01 |
| 2nd Low | 85.95 |
| 3rd Low | 85.3 |
97.55 – 109.59 – 99.1 – 86.01 – 90.43 – 94.15 — 36.573113178534 – 34.849288338152 — 73.583827865305 – 87.78996387692 – 60.577822820658 – 73.394385408852
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top – Triple top chart pattern – –