The pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support at 115.380000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 122.730000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 114.26 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 122.730000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black 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 ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 125.340000000 |
2nd High | 124.030000000 |
Next High | 122.730000000 |
Current Price | 116.040000000 |
Next Low | 115.380000000 |
2nd Low | 114.260000000 |
3rd Low | 106.010000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows