The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A descent down to the next support level at 91.200000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 102.940000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107.050000000 |
| 2nd High | 105.070000000 |
| Next High | 102.940000000 |
| Current Price | 99.870000000 |
| Next Low | 91.200000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
97.990000000 – 98.320000000 – 92.290000000 – 91.200000000 – 85.160000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Two Crows – Double top chart pattern