LTC/USDT – 30M – SELLMoreover a ‘Double bottom retreat down’ chart formation is existing. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 82.19 will continue.
Caution: A possible change in the direction of the resistance level at 84.17 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 83.54408 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 84.17 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.54 |
| 2nd High | 84.39 |
| Next High | 84.17 |
| Current Price | 83.950000000 |
| Next Low | 82.19 |
| 2nd Low | 80.82 |
| 3rd Low | 80.32 |
84.17 – 84.39 – 83.9 – 82.19 – 82.5 – 80.82 — 54.507330829767 – 51.657834155157 — 58.703588421873 – 65.225174738087 – 46.734968595319 – 55.835916523506
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – – Double bottom retreat down – –