Next a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support at 117.370000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 123.270000000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
Next a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. 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 | 134.190000000 |
| 2nd High | 133.990000000 |
| Next High | 123.270000000 |
| Current Price | 118.220000000 |
| Next Low | 117.370000000 |
| 2nd Low | 115.190000000 |
| 3rd Low | 103.160000000 |
123.270000000 – 133.990000000 – 134.190000000 – 119.260000000 – 128.900000000 – 118.360000000 — 26.930793099319 – 25.403434046403
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –