LTC/USDT – 1H – BUYThe currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A descent down to the next support level at 98.670000000 is certain.
Caution: A possible change in the direction of the resistance line at 106.510000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Two-Candle Shooting Star’ candle pattern is discovered. The chart forms ‘Two-Candle Shooting Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 106.510000000 |
| Current Price | 101.190000000 |
| Next Low | 98.670000000 |
| 2nd Low | 97.540000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two-Candle Shooting Star