LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 79.68 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 97.55 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Besides a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.71 |
| 2nd High | 109.59 |
| Next High | 97.55 |
| Current Price | 84.190000000 |
| Next Low | 79.68 |
| 2nd Low | 52.71 |
| 3rd Low |
97.55 – 109.59 – 99.1 – 86.01 – 90.43 – 94.15 — 28.191637101179 – 27.124842630362 — 71.123624934521 – 52.561532637988 – 82.617426226646 – 71.010558024431
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Triple top chart pattern – –