LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 55.05 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 55.87 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. which 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 56.37 |
| 2nd High | 56.16 |
| Next High | 55.87 |
| Current Price | 55.790000000 |
| Next Low | 55.05 |
| 2nd Low | 53.27 |
| 3rd Low | 53.03 |
55.87 – 56.16 – 54.27 – 55.05 – 53.27 – 53.03 —
55.640000000 – 56.020000000 —
54.775591581126 – 64.935213889432 —
– —
55.87 – 1774301400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – – –