LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 67.75 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 70.12 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 68.55 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 70.12 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Harami’ candle chart pattern is discovered. The candles show ‘Bearish Harami’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.56 |
| 2nd High | 71.73 |
| Next High | 70.12 |
| Current Price | 69.180000000 |
| Next Low | 67.75 |
| 2nd Low | 67.03 |
| 3rd Low | 66.98 |
70.12 – 70 – 68.98 – 67.75 – 68.35 – 67.03 —
69.710000000 – 69.390000000 —
52.817797774776 – 44.715060668166 —
– —
70.12000 – 1769477400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Harami – – –