The pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A descending movement down to the next support at 96.220000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 106.360000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 96.72 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 106.360000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 106.360000000 |
Current Price | 101.030000000 |
Next Low | 96.220000000 |
2nd Low | 87.630000000 |
3rd Low | 87.080000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows