LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at is expected.
Caution: A possible counter-trend in the direction of the resistance level at 97.55 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative 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’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.75 |
| 2nd High | 97.94 |
| Next High | 97.55 |
| Current Price | 94.700000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
97.55 – 96.5 – 97.52 – 94.62 – 90.43 – 94.15 — 45.797948893721 – 44.244115667007 — 10.453196242235 – 6.903516019462 – 17.446474290319 – 12.121953956159
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double bottom chart pattern – –