LTC/USDT – 1H – BUYThe pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support at 97.360000000 is expected.
Caution: A possible change in the direction of the resistance line at 103.050000000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Southern Doji’ candle pattern is existing. The candles form ‘Southern Doji’. which is a positive 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 ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.350000000 |
| 2nd High | 106.510000000 |
| Next High | 103.050000000 |
| Current Price | 102.880000000 |
| Next Low | 97.360000000 |
| 2nd Low | 96.830000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji