LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A descending movement down to the next support line at 98.670000000 is certain.
Caution: A possible change in the direction of the resistance level at 101.800000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Two-Candle Shooting Star’ candle pattern is discovered. The candles form ‘Two-Candle Shooting Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.350000000 |
| 2nd High | 106.510000000 |
| Next High | 101.800000000 |
| Current Price | 98.990000000 |
| Next Low | 98.670000000 |
| 2nd Low | 97.540000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two-Candle Shooting Star