LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support level at 99.660000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Southern Doji’ candlestick chart pattern is found. The candles form ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 116.950000000 |
| Next Low | 99.660000000 |
| 2nd Low | 95.560000000 |
| 3rd Low | 91.200000000 |
112.390000000 – 97.990000000 – 98.320000000 – 99.660000000 – 100.040000000 – 95.560000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Southern Doji –