LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards
A descent downwards to the next support level at 82.5 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 84.17 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.54 |
| 2nd High | 84.39 |
| Next High | 84.17 |
| Current Price | 83.320000000 |
| Next Low | 82.5 |
| 2nd Low | 80.82 |
| 3rd Low | 80.32 |
84.17 – 84.39 – 83.9 – 82.5 – 80.82 – 80.32 — 58.654674095746 – 45.982751312651 — 89.761904761905 – 56.428571428571 – 94.381782369875 – 81.789819376026
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Double bottom retreat down – –