LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 85.160000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 98.950000000 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Southern Doji’ chart pattern is detected. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.070000000 |
| 2nd High | 102.940000000 |
| Next High | 98.950000000 |
| Current Price | 96.630000000 |
| Next Low | 85.160000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
88.280000000 – 92.290000000 – 88.490000000 – 85.160000000 – 85.650000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Southern Doji – Double bottom retreat down