The currency pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 108.300000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 111.270000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116.270000000 |
| 2nd High | 114.620000000 |
| Next High | 111.270000000 |
| Current Price | 109.980000000 |
| Next Low | 108.300000000 |
| 2nd Low | 106.700000000 |
| 3rd Low | 103.160000000 |
111.270000000 – 114.620000000 – 116.270000000 – 108.300000000 – 111.440000000 – 111.320000000 — 45.591097112926 – 45.274415477117
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –