LTC/USDT – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 71.16292 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 77.930000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 82.780000000 |
| 2nd High | 78.370000000 |
| Next High | 77.930000000 |
| Current Price | 74.660000000 |
| Next Low | 71.860000000 |
| 2nd Low | 68.000000000 |
| 3rd Low | 64.850000000 |