The combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 76.07 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.
Also there is a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 80.97 |
| 2nd High | 76.92 |
| Next High | 76.07 |
| Current Price | 74.840000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
76.07 – 72.62 – 76.92 – 73.84 – 70.92 – 71.24 — 61.101277164715 – 55.774910685813 — 98.089030029528 – 81.322079224469 – 77.540878015684 – 86.102215508833
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – – Double bottom chart pattern – –