The pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A descent down to the next support at 55.75 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 56.61 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.
Then a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 56.76 |
| 2nd High | 56.72 |
| Next High | 56.61 |
| Current Price | 55.860000000 |
| Next Low | 55.75 |
| 2nd Low | 55.12 |
| 3rd Low | 54.97 |
56.61 – 56.72 – 56.76 – 55.91 – 56.17 – 56.34 —
56.130000000 – 56.010000000 —
36.826311698553 – 36.315579387776 —
– —
56.61 – 1777131000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –