The combination Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 119.260000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 123.270000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Southern Doji’ candlestick pattern is found. The chart shows ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 134.190000000 |
| 2nd High | 133.990000000 |
| Next High | 123.270000000 |
| Current Price | 119.270000000 |
| Next Low | 119.260000000 |
| 2nd Low | 118.360000000 |
| 3rd Low | 118.250000000 |
123.270000000 – 133.990000000 – 134.190000000 – 119.260000000 – 128.900000000 – 128.580000000 — 32.628570803904 – 32.522824311626
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – – –