The combination Litecoin/Tether (LTC/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 80.01 is expected.
Caution: A possible change in the direction of the resistance level at 87.8 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.
Also there is a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. this 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.71 |
| 2nd High | 109.59 |
| Next High | 87.8 |
| Current Price | 83.740000000 |
| Next Low | 80.01 |
| 2nd Low | 79.68 |
| 3rd Low | 52.71 |
87.8 – 87.25 – 109.59 – 80.01 – 93.22 – 79.68 — 45.255105120308 – 41.86681981601 — 10.321279618681 – 9.8285897612173 – 7.6492964847152 – 9.8568525902501
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Triple top chart pattern – –