LTC/USDT – 4H – SELLMoreover a ‘Double top chart pattern’ chart layout is discovered. The formation shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 118.360000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 134.190000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Last Engulfing Top’ candle chart pattern is detected. The chart forms ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 134.190000000 |
| Current Price | 118.100000000 |
| Next Low | 118.360000000 |
| 2nd Low | 118.250000000 |
| 3rd Low | 103.160000000 |
134.190000000 – 126.420000000 – 129.160000000 – 118.360000000 – 118.250000000 – 103.160000000 — 41.285641341666 – 38.055712285653
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Double top chart pattern – –