LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A bearish descent down to the next support at 42.19 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 44.690000000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Tweezers Top’ candle pattern is detected. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 44.690000000 |
| Current Price | 44.080000000 |
| Next Low | 42.19 |
| 2nd Low | 41.91 |
| 3rd Low | 41.25 |
44.690000000 – 43.54 – 42.95 – 42.19 – 41.91 – 41.25 —
44.690000000 – 44.210000000 —
68.768232368185 – 57.084104173523 —
44.690000000 – 1781398800 —
– 1781398800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top – – –