Additionally a ‘Double bottom retreat down’ chart formation is existing. The chart forms ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support line at 95.560000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 102.030000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.070000000 |
| 2nd High | 102.940000000 |
| Next High | 102.030000000 |
| Current Price | 99.760000000 |
| Next Low | 95.560000000 |
| 2nd Low | 95.100000000 |
| 3rd Low | 91.650000000 |
99.960000000 – 97.260000000 – 96.090000000 – 95.560000000 – 95.820000000 – 95.100000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – – Double bottom retreat down