LTC/USDT – 4H – SELLFurthermore a ‘Double top chart pattern’ chart layout is existing. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 81.950000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 89.310000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 90.970000000 |
| Next High | 89.310000000 |
| Current Price | 81.390000000 |
| Next Low | 81.950000000 |
| 2nd Low | 80.990000000 |
| 3rd Low | 75.660000000 |
89.310000000 – 90.970000000 – 98.950000000 – 81.950000000 – 83.110000000 – 93.080000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Black Crows