LTC/USDT – 4H – SELLFurthermore a ‘Double bottom retreat down’ chart pattern is detected. The formation shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to fall.
The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A descending movement downwards to the next support level at 91.200000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 97.990000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Harami’ candlestick chart pattern is found. The candles show ‘Bearish Harami’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 98.320000000 |
| Next High | 97.990000000 |
| Current Price | 97.330000000 |
| Next Low | 91.200000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
97.990000000 – 98.320000000 – 92.290000000 – 91.200000000 – 85.160000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Harami – Double bottom retreat down