LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 97.55 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.
There is also a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish 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 – Double top retreat up – –