The pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 51 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 53.51 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.
There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 51.88382 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 53.51 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.86 |
| 2nd High | 53.71 |
| Next High | 53.51 |
| Current Price | 52.030000000 |
| Next Low | 51 |
| 2nd Low | 45.07 |
| 3rd Low |
53.51 – 53.71 – 53.86 – 51 – 52.85 – 52.84 —
53.690000000 – 53.400000000 —
57.445277349454 – 55.782198666514 —
– —
53.51 – 1770818400