LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support at 93.870000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 96.880000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Tweezers Top’ chart pattern is detected. The candles form ‘Tweezers Top’. this 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 98.320000000 |
| Next High | 96.880000000 |
| Current Price | 96.990000000 |
| Next Low | 93.870000000 |
| 2nd Low | 90.750000000 |
| 3rd Low | 85.160000000 |
96.880000000 – 95.310000000 – 94.060000000 – 93.870000000 – 90.750000000 – 92.460000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Tweezers Top – Double top chart pattern