LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 97.55 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. 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 top retreat up – –