LTC/USDT – 1H – SELLThen a ‘Double top chart pattern’ chart pattern is discovered. The chart picture forms ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support at is considered certain.
Caution: A possible change in the direction of the resistance line at 88.280000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
Then a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.170000000 |
| 2nd High | 92.290000000 |
| Next High | 88.280000000 |
| Current Price | 85.570000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
88.280000000 – 92.290000000 – 88.490000000 – 85.650000000 – 84.750000000 – 83.550000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Black Crows – Double top chart pattern