LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A descending movement down to the next support level at 82.19 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 87.25 could occur.
Consider stop-loss settings accordingly.
There is also a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. 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 | 97.55 |
| 2nd High | 89.04 |
| Next High | 87.25 |
| Current Price | 85.240000000 |
| Next Low | 82.19 |
| 2nd Low | 80.82 |
| 3rd Low | 80.32 |
87.25 – 85 – 84.17 – 82.19 – 82.5 – 80.82 — 48.828779951726 – 47.234893258593 — 22.117668947778 – 12.934341262248 – 18.61319919593 – 18.139173294635
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – – –