The currency pair Litecoin/Tether (LTC/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 108.710000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 113.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Also there is a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. 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 | 116.270000000 |
| 2nd High | 114.620000000 |
| Next High | 113.000000000 |
| Current Price | 111.520000000 |
| Next Low | 108.710000000 |
| 2nd Low | 106.380000000 |
| 3rd Low | 103.160000000 |
113.000000000 – 111.350000000 – 111.910000000 – 108.710000000 – 106.380000000 – 107.240000000 — 44.428046179928 – 43.248771940647
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – – –