LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support level at 112.200000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 115.420000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 115.420000000 |
| Current Price | 116.230000000 |
| Next Low | 112.200000000 |
| 2nd Low | 111.900000000 |
| 3rd Low | 111.500000000 |
113.820000000 – 115.420000000 – 115.410000000 – 112.200000000 – 111.900000000 – 113.940000000 — 65.786012606688 – 64.436044399024
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Double bottom retreat down – –