LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 81.16 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 83.96 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.89 |
| 2nd High | 84.15 |
| Next High | 83.96 |
| Current Price | 81.460000000 |
| Next Low | 81.16 |
| 2nd Low | 79.04 |
| 3rd Low | 76.7 |
83.96 – 84.15 – 84.89 – 81.16 – 82.83 – 82.82 — 44.352072344663 – 41.641268606291 — 97.178070947646 – 88.03010078937 – 85.441301328851 – 90.810300936852
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double top chart pattern – –