LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support at 87.590000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 91.500000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 89.045 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 91.500000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 97.680000000 |
| Next High | 91.500000000 |
| Current Price | 90.010000000 |
| Next Low | 87.590000000 |
| 2nd Low | 86.710000000 |
| 3rd Low | 86.590000000 |
91.500000000 – 89.540000000 – 88.120000000 – 87.590000000 – 86.710000000 – 86.590000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Down