LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A descent down to the next support at 102.060000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 106.270000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Harami’ candle chart pattern is discovered. The candles show ‘Bearish Harami’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 122.730000000 |
| 2nd High | 117.380000000 |
| Next High | 106.270000000 |
| Current Price | 103.370000000 |
| Next Low | 102.060000000 |
| 2nd Low | 99.880000000 |
| 3rd Low | 97.210000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Harami