LTC/USDT – 30M – BUYCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 54.48676 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 55.84 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Shooting Star’ candlestick chart pattern is found. The chart shows ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 56.71 |
| 2nd High | 56.05 |
| Next High | 55.84 |
| Current Price | 55.160000000 |
| Next Low | 54.37 |
| 2nd Low | 54 |
| 3rd Low | 53.8 |
55.84 – 56.05 – 56.71 – 54.37 – 55.15 – 54 —
54.910000000 – 55.330000000 —
53.413403526092 – 64.667436858031 —
– —
55.84 – 1773460800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Shooting Star – – –