LTC/USDT – 4H – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A descent down to the next support line at 118.250000000 will persist.
Caution: A possible change in the direction of the resistance level at 126.420000000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Three Line Strike – Bearish’ candle pattern is found. The chart shows ‘Three Line Strike – Bearish’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 129.160000000 |
| Next High | 126.420000000 |
| Current Price | 130.070000000 |
| Next Low | 118.250000000 |
| 2nd Low | 103.160000000 |
| 3rd Low | 99.660000000 |
126.420000000 – 129.160000000 – 116.380000000 – 118.250000000 – 103.160000000 – 106.580000000 — 66.770891349934 – 61.416719058121
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Line Strike – Bearish – Triple bottom chart pattern – –