LTC/USDT – 4H – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support level at 91.200000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 102.940000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107.050000000 |
| 2nd High | 105.070000000 |
| Next High | 102.940000000 |
| Current Price | 100.850000000 |
| Next Low | 91.200000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
97.990000000 – 98.320000000 – 92.290000000 – 91.200000000 – 85.160000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Black Crows – Double bottom retreat down