LTC/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 54.325 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 55.38 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 56.8 |
| 2nd High | 55.74 |
| Next High | 55.38 |
| Current Price | 54.730000000 |
| Next Low | 53.66 |
| 2nd Low | 53.62 |
| 3rd Low | 52.91 |
55.38 – 55.74 – 54.64 – 53.66 – 53.62 – 52.91 —
54.670000000 – 54.950000000 —
64.961397510227 – 63.573345982117 —
– —
55.38 – 1775653200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –