LTC/USDT – 4H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A descent downwards to the next support level at 85.160000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 98.320000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.940000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 95.190000000 |
| Next Low | 85.160000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
98.320000000 – 92.290000000 – 86.050000000 – 85.160000000 – 84.750000000 – 83.550000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern