LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A descending movement downwards to the next support at 89.530000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 91.500000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Belt Hold’ candle chart pattern is found. The chart forms ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 97.680000000 |
| Next High | 91.500000000 |
| Current Price | 90.630000000 |
| Next Low | 89.530000000 |
| 2nd Low | 87.590000000 |
| 3rd Low | 86.710000000 |
91.500000000 – 89.540000000 – 88.120000000 – 89.530000000 – 87.590000000 – 86.710000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Belt Hold