LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 112.060000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 117.120000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Matching Low’ candlestick pattern is detected. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 122.990000000 |
| 2nd High | 119.130000000 |
| Next High | 117.120000000 |
| Current Price | 116.000000000 |
| Next Low | 112.060000000 |
| 2nd Low | 103.160000000 |
| 3rd Low | 99.660000000 |
117.120000000 – 115.520000000 – 116.760000000 – 112.060000000 – 112.110000000 – 113.420000000 — 50.733249274395 – 50.47207504513
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – – –