LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support at 67.75 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 70.12 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 68.55 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 70.12 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.56 |
| 2nd High | 71.73 |
| Next High | 70.12 |
| Current Price | 69.050000000 |
| Next Low | 67.75 |
| 2nd Low | 67.03 |
| 3rd Low | 66.98 |
70.12 – 70 – 68.98 – 67.75 – 68.35 – 67.03 —
69.300000000 – 69.330000000 —
44.790567677657 – 49.171600779742 —
– —
70.12000 – 1769477400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – – –