LTC/USDT – 30M – SELLAdditionally a ‘Double top chart pattern’ chart layout is found. The chart shows ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 86.01 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 89.04 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The pair is likely to go down.
Additionally a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.94 |
| 2nd High | 97.55 |
| Next High | 89.04 |
| Current Price | 84.620000000 |
| Next Low | 86.01 |
| 2nd Low | 85.95 |
| 3rd Low | 85.3 |
89.04 – 97.55 – 96.5 – 86.01 – 94.62 – 90.43 — 34.881625142511 – 27.741424685588 — 34.879777808415 – 26.11434570965 – 40.507238527325 – 35.243336299256
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double top chart pattern – –