LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 82.5 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 84.39 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.04 |
| 2nd High | 84.54 |
| Next High | 84.39 |
| Current Price | 83.040000000 |
| Next Low | 82.5 |
| 2nd Low | 80.82 |
| 3rd Low | 80.32 |
84.39 – 83.9 – 84.54 – 82.5 – 80.82 – 80.32 — 52.015616206162 – 47.876952587905 — 70.222820146104 – 44.597585231252 – 77.318957624848 – 66.104734541751
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –