LTC/USDT – 1H – SELLThe combination moves from the ascending trendline down.
A descending movement downwards to the next support level at 71.580000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 78.200000000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ heading down is 78%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 78.200000000 |
| Current Price | 75.810000000 |
| Next Low | 71.580000000 |
| 2nd Low | 70.640000000 |
| 3rd Low | 64.850000000 |