LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 112.110000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 115.520000000 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Two Crows’ chart pattern is found. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119.130000000 |
| 2nd High | 116.760000000 |
| Next High | 115.520000000 |
| Current Price | 114.070000000 |
| Next Low | 112.110000000 |
| 2nd Low | 103.160000000 |
| 3rd Low | 99.660000000 |
115.520000000 – 116.760000000 – 119.130000000 – 112.110000000 – 113.420000000 – 115.290000000 — 50.249740231666 – 49.609713018765
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Double top retreat up – –