LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 80.960000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 85.980000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Tweezers Top’ chart pattern is detected. The chart shows ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 87.390000000 |
| 2nd High | 86.050000000 |
| Next High | 85.980000000 |
| Current Price | 83.310000000 |
| Next Low | 80.960000000 |
| 2nd Low | 75.660000000 |
| 3rd Low | 74.920000000 |
85.980000000 – 86.050000000 – 85.680000000 – 80.960000000 – 84.210000000 – 83.340000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Tweezers Top