LTC/USDT – 30M – SELLThere is also a ‘Double bottom retreat down’ chart pattern is found. The chart picture forms ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support line at 98.200000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 102.030000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Last Engulfing Top’ chart pattern is found. The candles form ‘Last Engulfing Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.070000000 |
| 2nd High | 102.940000000 |
| Next High | 102.030000000 |
| Current Price | 100.980000000 |
| Next Low | 98.200000000 |
| 2nd Low | 95.560000000 |
| 3rd Low | 95.100000000 |
99.960000000 – 97.260000000 – 96.090000000 – 98.200000000 – 95.560000000 – 95.820000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Last Engulfing Top – Double bottom retreat down