The currency pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 114.920000000 is expected.
Caution: A possible change in the direction of the resistance line at 120.830000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Southern Doji’ chart pattern is detected. The candles show ‘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 chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 133.990000000 |
| 2nd High | 124.770000000 |
| Next High | 120.830000000 |
| Current Price | 114.660000000 |
| Next Low | 114.920000000 |
| 2nd Low | 114.720000000 |
| 3rd Low | 112.950000000 |
120.830000000 – 116.960000000 – 117.680000000 – 115.740000000 – 117.800000000 – 114.920000000 — 26.160485003307 – 25.90224804401
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – Double top chart pattern – –