LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 85.95 is likely expected.
Caution: A possible change in the direction of resistance at 97.55 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.75 |
| 2nd High | 97.94 |
| Next High | 97.55 |
| Current Price | 87.050000000 |
| Next Low | 85.95 |
| 2nd Low | 85.3 |
| 3rd Low | 79.68 |
97.55 – 96.5 – 97.52 – 94.62 – 90.43 – 94.15 — 18.578246954942 – 16.650110018227 — 0 – 0 – 0 – 0
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Triple top chart pattern – –