LTC/USDT – 30M – SELLAlso there is a ‘Double bottom retreat down’ chart layout is existing. The chart picture forms ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A descending movement down to the next support line at 81.44 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 83.68 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Inside Down’ candle pattern is discovered. The candles show ‘Three Inside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 86.77 |
| 2nd High | 84.49 |
| Next High | 83.68 |
| Current Price | 83.540000000 |
| Next Low | 81.44 |
| 2nd Low | 79.04 |
| 3rd Low | 76.7 |
83.68 – 83.17 – 80.56 – 81.44 – 81.65 – 79.04 — 60.197562351732 – 55.609427422252 — 75.977569344772 – 66.494059331754 – 80.661345288799 – 75.783961691465
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – Double bottom retreat down – –