LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 80.82 is expected.
Caution: A possible change in the direction of resistance at 84.39 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Next a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.04 |
| 2nd High | 84.54 |
| Next High | 84.39 |
| Current Price | 83.030000000 |
| Next Low | 80.82 |
| 2nd Low | 80.32 |
| 3rd Low | 80.01 |
84.39 – 83.9 – 84.54 – 80.82 – 80.32 – 80.01 — 53.21413211116 – 49.936705298462 — 39.72147042931 – 33.594904325671 – 37.174906616352 – 36.915135095081
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Inverse Head and Shoulder chart pattern – –