And also a ‘Double top chart pattern’ chart formation is discovered. The chart forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards
A descent down to the next support level at 106.580000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 115.430000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candle pattern is discovered. The candles show ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 122.290000000 |
| Next High | 115.430000000 |
| Current Price | 110.910000000 |
| Next Low | 106.580000000 |
| 2nd Low | 99.660000000 |
| 3rd Low | 98.200000000 |
115.430000000 – 114.350000000 – 122.290000000 – 110.930000000 – 106.580000000 – 108.890000000 — 42.110281606111 – 39.368387680488
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Double top chart pattern –