LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 131.760000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 138.670000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Evening Star’ candle pattern is detected. The chart forms ‘Evening Star’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 147.060000000 |
| Next High | 138.670000000 |
| Current Price | 132.780000000 |
| Next Low | 131.760000000 |
| 2nd Low | 130.080000000 |
| 3rd Low | 130.000000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Evening Star