LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 83.550000000 is certain.
Caution: A possible change in the direction of resistance at 85.540000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 84.75 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 85.540000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 85.980000000 |
| 2nd High | 85.950000000 |
| Next High | 85.540000000 |
| Current Price | 84.910000000 |
| Next Low | 83.550000000 |
| 2nd Low | 76.170000000 |
| 3rd Low |
85.540000000 – 85.950000000 – 85.340000000 – 83.550000000 – 83.780000000 – 84.070000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Down –