LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support line at 99.820000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 112.390000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Tweezers Top’ candle pattern is existing. The chart forms ‘Tweezers Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 112.390000000 |
| Current Price | 100.640000000 |
| Next Low | 99.820000000 |
| 2nd Low | 98.200000000 |
| 3rd Low | 95.560000000 |
112.390000000 – 99.960000000 – 97.260000000 – 99.820000000 – 98.200000000 – 95.560000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Tweezers Top –