LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at 52.71 will persist.
Caution: A possible change in the direction of the resistance level at 76.92 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 81.78 |
| 2nd High | 80.97 |
| Next High | 76.92 |
| Current Price | 71.870000000 |
| Next Low | 52.71 |
| 2nd Low | |
| 3rd Low |
76.92 – 80.97 – 79.58 – 73.07 – 77.79 – 75.91 — 29.66557256231 – 28.752264941211 — 19.424393279403 – 20.637834474175 – 20.744313074742 – 20.032151006015
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Head and Shoulder chart pattern – –