LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 75.26 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 81.78 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Furthermore a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading 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 | 78.110000000 |
| Next Low | 75.26 |
| 2nd Low | 75.22 |
| 3rd Low | 72.64 |
81.78 – 82.42 – 81.99 – 75.26 – 75.6 – 77.74 — 58.986950047088 – 58.261663368063 — 93.574046220372 – 87.998589784042 – 89.071401721257 – 90.848167400972
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Triple bottom chart pattern – –