Sell LTC/USDT – 4H – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 80.01 is expected.

Caution: A possible change in the direction of the resistance level at 87.8 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.

Also there is a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High 113.71
2nd High 109.59
Next High 87.8
Current Price 83.740000000
Next Low 80.01
2nd Low 79.68
3rd Low 52.71

87.8 – 87.25 – 109.59 – 80.01 – 93.22 – 79.68 — 45.255105120308 – 41.86681981601 — 10.321279618681 – 9.8285897612173 – 7.6492964847152 – 9.8568525902501

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