The combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish movement down to the next support line at 112.590000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 122.000000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 122.000000000 |
| Current Price | 117.610000000 |
| Next Low | 112.590000000 |
| 2nd Low | 99.660000000 |
| 3rd Low | 95.560000000 |
122.000000000 – 112.390000000 – 97.990000000 – 112.590000000 – 114.000000000 – 99.660000000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –