LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 97.55 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. 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 | 113.71 |
| 2nd High | 109.59 |
| Next High | 97.55 |
| Current Price | 94.700000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
97.55 – 109.59 – 99.1 – 90.43 – 94.15 – 99.87 — 49.791024072353 – 46.286703191865 — 32.271156346111 – 14.702431909699 – 41.942426907633 – 29.152266506019
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – – –