LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 83.08 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 86.76 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Matching Low’ candle pattern is found. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.55 |
| 2nd High | 87.25 |
| Next High | 86.76 |
| Current Price | 83.820000000 |
| Next Low | 83.08 |
| 2nd Low | 82.26 |
| 3rd Low | 82.19 |
86.76 – 87.25 – 85 – 83.08 – 82.26 – 82.19 — 42.398906230553 – 41.956239016027 — 19.008525418377 – 23.089636870006 – 11.966639925815 – 18.937467631545
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – – –