LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish descent downwards to the next support at 76.08 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 81.78 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.89 |
| 2nd High | 82.42 |
| Next High | 81.78 |
| Current Price | 78.310000000 |
| Next Low | 76.08 |
| 2nd Low | 75.22 |
| 3rd Low | 72.64 |
81.78 – 82.42 – 81.99 – 80.88 – 79.91 – 81.16 — 33.319146476626 – 31.034878589484 — 76.281610887558 – 58.214196137447 – 85.325901231604 – 75.738178064216
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –