LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 112.950000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 118.730000000 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 133.990000000 |
| 2nd High | 124.770000000 |
| Next High | 118.730000000 |
| Current Price | 115.640000000 |
| Next Low | 112.950000000 |
| 2nd Low | 111.900000000 |
| 3rd Low | 111.230000000 |
118.730000000 – 115.420000000 – 115.410000000 – 112.950000000 – 111.900000000 – 111.230000000 — 50.598178128201 – 49.857566922017
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Double bottom retreat down – –