LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support at 104.610000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 108.750000000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 108.750000000 |
| Current Price | 105.680000000 |
| Next Low | 104.610000000 |
| 2nd Low | 102.030000000 |
| 3rd Low | 97.360000000 |