LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 82.840000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 86.910000000 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.170000000 |
| 2nd High | 89.830000000 |
| Next High | 86.910000000 |
| Current Price | 84.330000000 |
| Next Low | 82.840000000 |
| 2nd Low | 81.300000000 |
| 3rd Low | 81.180000000 |
86.910000000 – 86.700000000 – 89.830000000 – 82.840000000 – 81.300000000 – 90.840000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Black Crows