LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 85.710000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 89.200000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.170000000 |
| 2nd High | 92.290000000 |
| Next High | 89.200000000 |
| Current Price | 86.040000000 |
| Next Low | 85.710000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
89.200000000 – 92.290000000 – 87.150000000 – 87.020000000 – 88.060000000 – 88.690000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Black Crows –