LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 81 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 83.96 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.89 |
| 2nd High | 84.15 |
| Next High | 83.96 |
| Current Price | 81.760000000 |
| Next Low | 81 |
| 2nd Low | 79.04 |
| 3rd Low | 76.7 |
83.96 – 84.15 – 84.89 – 81 – 81.16 – 82.83 — 49.535189856515 – 47.584380913212 — 77.133287107167 – 61.643595531648 – 88.063950072333 – 75.917442397316
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –