LTC/USDT – 4H – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 111.920000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 120.830000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Tweezers Top’ chart pattern is found. The chart forms ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 134.190000000 |
| 2nd High | 124.770000000 |
| Next High | 120.830000000 |
| Current Price | 113.610000000 |
| Next Low | 111.920000000 |
| 2nd Low | 109.500000000 |
| 3rd Low | 106.380000000 |
120.830000000 – 118.730000000 – 115.120000000 – 111.920000000 – 109.500000000 – 106.380000000 — 48.294453597659 – 42.267154443647
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –