LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 99.500000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 100.960000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.800000000 |
| 2nd High | 101.750000000 |
| Next High | 100.960000000 |
| Current Price | 100.160000000 |
| Next Low | 99.500000000 |
| 2nd Low | 98.670000000 |
| 3rd Low | 97.540000000 |