LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 68.42 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 70 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.
And also a ‘Three Inside Down’ candlestick chart pattern is detected. The chart forms ‘Three Inside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70.49 |
| 2nd High | 70.01 |
| Next High | 70 |
| Current Price | 69.420000000 |
| Next Low | 68.42 |
| 2nd Low | 67.75 |
| 3rd Low | 67.03 |
70 – 70.01 – 70.49 – 68.42 – 69.19 – 68.64 —
69.630000000 – 69.700000000 —
50.588532376489 – 54.874810428584 —
– —
70.00000 – 1769607000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – – –