LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 97.55 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.
Besides a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.75 |
| 2nd High | 97.94 |
| Next High | 97.55 |
| Current Price | 94.700000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
97.55 – 96.5 – 97.52 – 94.62 – 90.43 – 94.15 — 45.797948893721 – 44.244115667007 — 10.453196242235 – 6.903516019462 – 17.446474290319 – 12.121953956159
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double top chart pattern – –