LTC/USDT – 1H – SELLAdditionally a ‘Double bottom retreat down’ chart pattern is detected. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support at 81.44 is expected.
Caution: A possible change in the direction of the resistance line at 83.68 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.
Additionally a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 86.77 |
| 2nd High | 84.49 |
| Next High | 83.68 |
| Current Price | 83.460000000 |
| Next Low | 81.44 |
| 2nd Low | 76.08 |
| 3rd Low | 75.22 |
83.68 – 78.55 – 79.03 – 81.44 – 76.08 – 77.62 — 64.146028000347 – 56.27998462897 — 94.803774528184 – 82.224096987877 – 94.794400699913 – 89.795025621797
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –