LTC/USDT – 4H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A descending movement down to the next support level at 68.000000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 79.670000000 |
| Next Low | 68.000000000 |
| 2nd Low | 64.450000000 |
| 3rd Low | 63.220000000 |