LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at will continue.
Caution: A possible counter-trend in the direction of the resistance level at 97.55 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.75 |
| 2nd High | 97.94 |
| Next High | 97.55 |
| Current Price | 94.700000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
97.55 – 96.5 – 97.52 – 94.62 – 90.43 – 94.15 — 45.797948893721 – 44.244115667007 — 10.453196242235 – 6.903516019462 – 17.446474290319 – 12.121953956159
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double bottom chart pattern – –