LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support line at 89.530000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 93.120000000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 91.57892 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 93.120000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 97.680000000 |
| Next High | 93.120000000 |
| Current Price | 92.010000000 |
| Next Low | 89.530000000 |
| 2nd Low | 87.590000000 |
| 3rd Low | 86.710000000 |
93.120000000 – 91.500000000 – 89.540000000 – 89.530000000 – 87.590000000 – 86.710000000