LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A descent downwards to the next support level at 69.61 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 71.27 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.
Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Besides a ‘Bearish Belt Hold’ candle pattern is found. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.9 |
| 2nd High | 75.56 |
| Next High | 71.27 |
| Current Price | 70.750000000 |
| Next Low | 69.61 |
| 2nd Low | 65.58 |
| 3rd Low | 52.71 |
71.27 – 75.56 – 75.9 – 69.61 – 65.58 – 74.34 —
71.220000000 – 71.320000000 —
54.742303567661 – 53.343220459826 —
– —
71.27000 – 1768809600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –