LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support line at 83.550000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 85.950000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 86.050000000 |
| 2nd High | 85.980000000 |
| Next High | 85.950000000 |
| Current Price | 86.730000000 |
| Next Low | 83.550000000 |
| 2nd Low | 76.170000000 |
| 3rd Low |
85.950000000 – 85.470000000 – 82.040000000 – 83.550000000 – 83.780000000 – 83.900000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Northern Doji – Double bottom retreat down