LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 102.030000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 108.140000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 108.140000000 |
| Current Price | 105.830000000 |
| Next Low | 102.030000000 |
| 2nd Low | 97.360000000 |
| 3rd Low | 96.830000000 |