LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support at 104.610000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 108.750000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 108.750000000 |
| Current Price | 105.680000000 |
| Next Low | 104.610000000 |
| 2nd Low | 102.030000000 |
| 3rd Low | 97.360000000 |