LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support level at is certain.
Caution: A possible trend reversal in the direction of resistance at 109.59 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 90.43 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 109.59 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 135.99 |
| 2nd High | 113.71 |
| Next High | 109.59 |
| Current Price | 95.110000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
109.59 – 99.1 – 113.71 – 90.43 – 94.15 – 99.87 — 51.444601183788 – 50.15011182629 — 64.818695873767 – 42.298744791267 – 77.575280177892 – 63.82166529128
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Double bottom chart pattern – –