LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 80.01 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 97.55 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.
Moreover a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.71 |
| 2nd High | 109.59 |
| Next High | 97.55 |
| Current Price | 83.230000000 |
| Next Low | 80.01 |
| 2nd Low | 79.68 |
| 3rd Low | 52.71 |
97.55 – 109.59 – 99.1 – 80.01 – 86.01 – 90.43 — 45.325231771142 – 44.665108033647 — 96.255707762557 – 91.215008933889 – 94.360474654844 – 95.823572232149
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – – –