LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 83.550000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 85.540000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 84.75 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 85.540000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 85.980000000 |
| 2nd High | 85.950000000 |
| Next High | 85.540000000 |
| Current Price | 84.910000000 |
| Next Low | 83.550000000 |
| 2nd Low | 76.170000000 |
| 3rd Low |
85.540000000 – 85.950000000 – 85.340000000 – 83.550000000 – 83.780000000 – 84.070000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Down –