LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support at 111.640000000 is expected.
Caution: A possible change in the direction of the resistance zone at 117.380000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 117.380000000 |
| Current Price | 112.710000000 |
| Next Low | 111.640000000 |
| 2nd Low | 104.610000000 |
| 3rd Low | 97.360000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down