LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support line at 52.71 will persist.
Caution: A possible change in the direction of the resistance zone at 76.92 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
Additionally a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 81.78 |
| 2nd High | 80.97 |
| Next High | 76.92 |
| Current Price | 72.290000000 |
| Next Low | 52.71 |
| 2nd Low | |
| 3rd Low |
76.92 – 80.97 – 79.58 – 73.07 – 77.79 – 75.91 — 22.55802641998 – 22.267777362561 — 0 – 0 – 18.649985963034 – 4.9785816277963
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Head and Shoulder chart pattern – –