LTC/USDT – 4H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A descent down to the next support at 66.98 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 80.97 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 65.58 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 80.97 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 86.77 |
| 2nd High | 82.42 |
| Next High | 80.97 |
| Current Price | 69.050000000 |
| Next Low | 66.98 |
| 2nd Low | 65.9 |
| 3rd Low | 65.58 |
80.97 – 82.42 – 80.58 – 66.98 – 65.9 – 65.58 —
68.980000000 – 70.120000000 —
42.716201215922 – 55.286053084673 —
– —
80.97000 – 1768392000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – – –