LTC/USDT – 1H – SELLMoreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 68.075 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 70.12 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.9 |
| 2nd High | 71.73 |
| Next High | 70.12 |
| Current Price | 68.840000000 |
| Next Low | 67.75 |
| 2nd Low | 66.98 |
| 3rd Low | 66.03 |
70.12 – 68.98 – 69.2 – 67.75 – 66.98 – 67.06 —
69.890000000 – 69.330000000 —
57.261904689547 – 52.057717728595 —
– —
70.12000 – 1769475600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – – –