LTC/USDT – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 84.5224 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 87.260000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘On Neck’ candlestick chart pattern is discovered. The candles show ‘On Neck’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.430000000 |
| 2nd High | 88.560000000 |
| Next High | 87.260000000 |
| Current Price | 86.840000000 |
| Next Low | 75.660000000 |
| 2nd Low | 74.920000000 |
| 3rd Low | 71.070000000 |