LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 107.210000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 110.400000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 106.74 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 110.400000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116.380000000 |
| 2nd High | 115.470000000 |
| Next High | 110.400000000 |
| Current Price | 107.530000000 |
| Next Low | 107.210000000 |
| 2nd Low | 106.740000000 |
| 3rd Low | 106.580000000 |
110.400000000 – 109.630000000 – 115.470000000 – 107.210000000 – 106.740000000 – 113.620000000 — 46.270991205644 – 40.533252059263