LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A descent down to the next support at 52.71 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 91.2 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.3 |
| 2nd High | 99.79 |
| Next High | 91.2 |
| Current Price | 83.520000000 |
| Next Low | 52.71 |
| 2nd Low | |
| 3rd Low |
91.2 – 99.79 – 101.3 – 85.21 – 85.35 – 89 — 33.733578591486 – 31.341151604971 — 39.470169566026 – 21.71391861507 – 57.97535121976 – 39.595836644069
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Double top chart pattern – –