LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A bearish movement down to the next support line at 97.360000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 108.140000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Separating Lines’ candlestick pattern is detected. The candles form ‘Bearish Separating Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Separating Lines’ heading down is 63% (Bull Market) & 76% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 108.140000000 |
| Current Price | 105.310000000 |
| Next Low | 97.360000000 |
| 2nd Low | 96.830000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Separating Lines