LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at is certain.
Caution: A possible change in the direction of resistance at 97.55 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
Next a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘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 success rate of a ‘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 – – –