LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support at 79.91 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 81.78 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Southern Doji’ candlestick chart pattern is found. The chart shows ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.89 |
| 2nd High | 82.42 |
| Next High | 81.78 |
| Current Price | 78.790000000 |
| Next Low | 79.91 |
| 2nd Low | 76.08 |
| 3rd Low | 75.22 |
81.78 – 82.42 – 81.99 – 80.88 – 79.91 – 81.16 — 19.741423626951 – 19.315984923795 — 0 – 0 – 3.8118908026178 – 0.22643351948488
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – Double bottom chart pattern – –