LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at is certain.
Caution: A possible trend reversal in the direction of resistance at 89.200000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.
There is also a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.170000000 |
| 2nd High | 92.290000000 |
| Next High | 89.200000000 |
| Current Price | 87.130000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
89.200000000 – 92.290000000 – 87.150000000 – 87.020000000 – 88.060000000 – 88.690000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Down – Double bottom retreat down