LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A descending movement down to the next support at 67.75 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 70.12 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Tweezers Top’ candlestick pattern is detected. The candles form ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.9 |
| 2nd High | 71.73 |
| Next High | 70.12 |
| Current Price | 69.310000000 |
| Next Low | 67.75 |
| 2nd Low | 66.98 |
| 3rd Low | 66.03 |
70.12 – 68.98 – 69.2 – 67.75 – 66.98 – 67.06 —
69.470000000 – 69.990000000 —
53.800959714272 – 61.244019011324 —
– —
70.12000 – 1769475600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top – Double top chart pattern – –