LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 68.64 is certain.
Caution: A possible counter-trend in the direction of resistance at 70.49 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Tweezers Top’ candlestick pattern is detected. The chart shows ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.9 |
| 2nd High | 71.73 |
| Next High | 70.49 |
| Current Price | 69.420000000 |
| Next Low | 68.64 |
| 2nd Low | 67.75 |
| 3rd Low | 66.98 |
70.49 – 70.12 – 68.98 – 68.64 – 67.75 – 66.98 —
69.780000000 – 69.560000000 —
41.781843181762 – 49.387886150327 —
– —
70.49000 – 1769554800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top – – –