The currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support line at 80.1 is considered certain.
Caution: A possible change in the direction of the resistance zone at 81.99 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 82.45 |
| 2nd High | 82 |
| Next High | 81.99 |
| Current Price | 80.290000000 |
| Next Low | 80.1 |
| 2nd Low | 79.88 |
| 3rd Low | 74.66 |
81.99 – 82 – 82.45 – 80.77 – 80.5 – 82.72 — 31.882648499585 – 27.587094647328 — 16.544939620291 – 6.1238000662032 – 23.910633193141 – 15.983417230904
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Triple top chart pattern – –