LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support level at 104.610000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 108.750000000 could occur.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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 | 108.750000000 |
| Current Price | 112.030000000 |
| Next Low | 104.610000000 |
| 2nd Low | 97.360000000 |
| 3rd Low | 96.830000000 |