Sell LTC/USDT – 4H – SELL

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

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