LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 80.32 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 97.55 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.
In addition a ‘Three Outside Down’ candlestick pattern is discovered. 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 success rate of a ‘Three Outside Down’ heading 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 | 81.300000000 |
| Next Low | 80.32 |
| 2nd Low | 80.01 |
| 3rd Low | 79.68 |
97.55 – 109.59 – 99.1 – 80.32 – 80.01 – 86.01 — 42.426720866045 – 39.393504047236 — 66.667613087516 – 46.051638430423 – 64.402952998401 – 61.45989775241
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –