The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support level at 118.250000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 126.140000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘RSI cross above 70’ indicator layout is found. The indicator is ‘RSI cross above 70’. which could be a negative chart signal. The pair is likely to go down.
Then a ‘StochRSI fall below 80’ indicator layout is found. The indicator is ‘StochRSI fall below 80’. which could be a negative chart signal. The pair is likely to go down.
Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 126.420000000 |
| 2nd High | 126.350000000 |
| Next High | 126.140000000 |
| Current Price | 125.220000000 |
| Next Low | 118.250000000 |
| 2nd Low | 117.370000000 |
| 3rd Low | 115.190000000 |
126.140000000 – 123.880000000 – 122.750000000 – 118.250000000 – 120.100000000 – 120.900000000 — 62.385457066563 – 57.62879304158