LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards
A bearish trend down to the next support level at 112.510000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 124.770000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 134.190000000 |
| 2nd High | 133.990000000 |
| Next High | 124.770000000 |
| Current Price | 111.800000000 |
| Next Low | 112.510000000 |
| 2nd Low | 112.060000000 |
| 3rd Low | 103.160000000 |
124.770000000 – 122.130000000 – 123.660000000 – 120.400000000 – 112.510000000 – 113.450000000 — 28.044358555756 – 26.489452304682
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –