LTC/USDT – 1H – SELLThe currency pair jumps from the bullish trendline down.
A bearish movement downwards to the next support line at 71.580000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 78.200000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 78%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 78.200000000 |
| Current Price | 75.810000000 |
| Next Low | 71.580000000 |
| 2nd Low | 70.640000000 |
| 3rd Low | 64.850000000 |