LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 75.6 is considered certain.
Caution: A possible change in the direction of resistance at 81.78 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Furthermore a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 82.42 |
| Next High | 81.78 |
| Current Price | 76.560000000 |
| Next Low | 75.6 |
| 2nd Low | 75.22 |
| 3rd Low | 72.64 |
81.78 – 82.42 – 81.99 – 75.6 – 77.74 – 80.88 — 44.824679056322 – 41.658541928289 — 99.383336123668 – 93.712152798459 – 99.383336123668 – 97.492941681932
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Double bottom chart pattern – –