LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at 113.400000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 116.270000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120.830000000 |
| 2nd High | 119.470000000 |
| Next High | 116.270000000 |
| Current Price | 106.710000000 |
| Next Low | 113.400000000 |
| 2nd Low | 113.370000000 |
| 3rd Low | 113.130000000 |
116.270000000 – 115.310000000 – 119.470000000 – 113.400000000 – 113.370000000 – 113.130000000 — 18.023147460976 – 17.651965558607
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –