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 will persist.
Caution: A possible trend reversal in the direction of resistance at 97.55 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going 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 – –