LTC/USDT – 1H – SELL

Next a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The currency pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support at 99.660000000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 122.290000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Tweezers Top’ candle pattern is discovered. The chart shows ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

122.290000000 – 122.000000000 – 112.390000000 – 112.590000000 – 114.000000000 – 99.660000000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top – Double top chart pattern –