LTC/USDT – 4H – SELLBesides a ‘Double top chart pattern’ chart layout is existing. The formation shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 118.360000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 134.190000000 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Last Engulfing Top’ candle pattern is discovered. The candles form ‘Last Engulfing Top’. this 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 ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 134.190000000 |
| Current Price | 118.100000000 |
| Next Low | 118.360000000 |
| 2nd Low | 118.250000000 |
| 3rd Low | 103.160000000 |
134.190000000 – 126.420000000 – 129.160000000 – 118.360000000 – 118.250000000 – 103.160000000 — 41.285641341666 – 38.055712285653
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Double top chart pattern – –