LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support at 114.000000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 122.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Separating Lines’ chart pattern is discovered. The candles show ‘Bearish Separating Lines’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Separating Lines’ going down is 63% (Bull Market) & 76% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 122.000000000 |
| Current Price | 116.640000000 |
| Next Low | 114.000000000 |
| 2nd Low | 99.660000000 |
| 3rd Low | 95.560000000 |
122.000000000 – 112.390000000 – 97.990000000 – 114.000000000 – 99.660000000 – 100.040000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Separating Lines – Rising Wedge Chart Pattern