The combination Litecoin/Tether (LTC/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 82.490000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 86.050000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Matching Low’ candle chart pattern is found. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 94.170000000 |
2nd High | 87.390000000 |
Next High | 86.050000000 |
Current Price | 83.230000000 |
Next Low | 82.490000000 |
2nd Low | 81.300000000 |
3rd Low | 80.990000000 |
86.050000000 – 87.390000000 – 94.170000000 – 82.490000000 – 81.300000000 – 81.950000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Matching Low