Sell LTC/USDT – 1H – SELL

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

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