The currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A descending movement down to the next support line at 115.380000000 is certain.
Caution: A possible change in the direction of resistance at 122.730000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 114.26 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 122.730000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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