LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 82.960000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 90.180000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.490000000 |
| 2nd High | 95.000000000 |
| Next High | 90.180000000 |
| Current Price | 83.550000000 |
| Next Low | 82.960000000 |
| 2nd Low | 78.840000000 |
| 3rd Low | 77.630000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows