Additionally a ‘Double top chart pattern’ chart formation is detected. The chart forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at is considered certain.
Caution: A possible change in the direction of the resistance level at 134.190000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.
Additionally a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 134.190000000 |
| Current Price | 118.300000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
134.190000000 – 126.420000000 – 129.160000000 – 118.360000000 – 118.250000000 – 103.160000000 — 39.292686962576 – 38.343544099922
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Double top chart pattern – –