LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 86.01 is likely expected.
Caution: A possible change in the direction of the resistance zone at 89.04 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.94 |
| 2nd High | 97.55 |
| Next High | 89.04 |
| Current Price | 86.890000000 |
| Next Low | 86.01 |
| 2nd Low | 85.95 |
| 3rd Low | 85.3 |
89.04 – 97.55 – 96.5 – 86.01 – 94.62 – 90.43 — 38.752782046245 – 37.690305161186 — 58.441295389845 – 58.232209737828 – 60.474383915172 – 59.297665724192
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Triple top chart pattern – –