LTC/USDT – 4H – SELLBesides a ‘Double bottom retreat down’ chart pattern is existing. The chart forms ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support level at 85.160000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 92.290000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Belt Hold’ chart pattern is detected. The chart shows ‘Bearish Belt Hold’. which 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 success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 94.170000000 |
| Next High | 92.290000000 |
| Current Price | 91.770000000 |
| Next Low | 85.160000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
92.290000000 – 86.050000000 – 87.390000000 – 85.160000000 – 84.750000000 – 83.550000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Belt Hold – Double bottom retreat down