LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support line at 99.500000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 101.750000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 106.510000000 |
| 2nd High | 101.800000000 |
| Next High | 101.750000000 |
| Current Price | 100.180000000 |
| Next Low | 99.500000000 |
| 2nd Low | 98.670000000 |
| 3rd Low | 97.540000000 |