LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 90.43 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 97.55 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 94.185 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 97.55 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.75 |
| 2nd High | 97.94 |
| Next High | 97.55 |
| Current Price | 95.750000000 |
| Next Low | 90.43 |
| 2nd Low | 85.95 |
| 3rd Low | 85.3 |
97.55 – 96.5 – 97.52 – 90.43 – 94.15 – 99.87 — 54.284600038079 – 51.617917330869 — 40.846446242382 – 57.073111754947 – 24.17603559753 – 41.360836159188
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – – Rising Wedge Chart Pattern – –