The combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at will continue.
Caution: A possible change in the direction of the resistance level at 85.680000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.
There is also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 89.830000000 |
2nd High | 87.390000000 |
Next High | 85.680000000 |
Current Price | 84.950000000 |
Next Low | |
2nd Low | |
3rd Low |
85.680000000 – 87.390000000 – 86.910000000 – 82.490000000 – 84.200000000 – 82.840000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Black Crows