LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 62.71 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 66.47 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 62.71 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 66.47 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70 |
| 2nd High | 69.89 |
| Next High | 66.47 |
| Current Price | 63.510000000 |
| Next Low | 62.71 |
| 2nd Low | 52.71 |
| 3rd Low |
66.47 – 69.89 – 70 – 62.71 – 64.43 – 67.72 —
64.840000000 – 64.690000000 —
26.21685932625 – 40.348996217852 —
– —
66.47000 – 1769734800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – – –