LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support at 52.71 will persist.
Caution: A possible counter-trend in the direction of resistance at 80.97 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Matching Low’ candle pattern is detected. The chart shows ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 82.42 |
| 2nd High | 81.78 |
| Next High | 80.97 |
| Current Price | 72.290000000 |
| Next Low | 52.71 |
| 2nd Low | |
| 3rd Low |
80.97 – 81.78 – 82.42 – 73.07 – 75.26 – 75.6 — 26.146742593279 – 25.900831893487 — 54.52176984898 – 27.257205098767 – 76.092417596436 – 54.769054137596
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Head and Shoulder chart pattern – –