LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support level at 104.610000000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 108.750000000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 108.750000000 |
| Current Price | 105.680000000 |
| Next Low | 104.610000000 |
| 2nd Low | 102.030000000 |
| 3rd Low | 97.360000000 |