LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 98.670000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 101.800000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Two Crows’ candle pattern is found. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. 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 | 110.350000000 |
| 2nd High | 106.510000000 |
| Next High | 101.800000000 |
| Current Price | 99.340000000 |
| Next Low | 98.670000000 |
| 2nd Low | 97.540000000 |
| 3rd Low | 96.620000000 |