LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at will persist.
Caution: A possible change in the direction of resistance at 97.55 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
And also a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. 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 | 113.71 |
| 2nd High | 109.59 |
| Next High | 97.55 |
| Current Price | 94.700000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
97.55 – 109.59 – 99.1 – 90.43 – 94.15 – 99.87 — 49.791024072353 – 46.286703191865 — 32.271156346111 – 14.702431909699 – 41.942426907633 – 29.152266506019
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –