The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A descending movement downwards to the next support at 59.35 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 60.49 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Also there is a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 66.02 |
| 2nd High | 61.17 |
| Next High | 60.49 |
| Current Price | 57.030000000 |
| Next Low | 59.35 |
| 2nd Low | 58.94 |
| 3rd Low | 56.51 |
60.49 – 61.17 – 59.73 – 59.35 – 58.94 – 59.46 —
60.230000000 – 59.200000000 —
53.481657157231 – 29.85436068177 —
– —
60.49 – 1770107400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –