LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
The bearish trend down to the next support line at 102.070000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 114.900000000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ candle pattern is discovered. The candles show ‘Two Crows’. which 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 122.730000000 |
| 2nd High | 117.380000000 |
| Next High | 114.900000000 |
| Current Price | 102.250000000 |
| Next Low | 102.070000000 |
| 2nd Low | 102.030000000 |
| 3rd Low | 97.360000000 |