LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support level at 55.24 is considered certain.
Caution: A possible change in the direction of the resistance zone at 56.66 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 55.24 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 56.66 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 58.71 |
| 2nd High | 57.42 |
| Next High | 56.66 |
| Current Price | 55.550000000 |
| Next Low | 55.24 |
| 2nd Low | 54.59 |
| 3rd Low | 53.78 |
56.66 – 57.42 – 56.61 – 55.24 – 55.56 – 56.33 —
55.480000000 – 55.850000000 —
34.672584156184 – 50.169596955984 —
– —
56.66 – 1776497400