LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 83.28 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 87.72 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Southern Doji’ candle chart pattern is found. The chart shows ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 109.59 |
| 2nd High | 97.55 |
| Next High | 87.72 |
| Current Price | 86.380000000 |
| Next Low | 83.28 |
| 2nd Low | 83.08 |
| 3rd Low | 82.26 |
87.72 – 86.76 – 87.25 – 83.28 – 83.08 – 82.26 — 53.063500569506 – 52.307096418326 — 33.08320668693 – 9.3338399189463 – 39.534191722689 – 28.839496791624
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –