The currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 81.600000000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 98.490000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 85.825 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 98.490000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern 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’ heading down is 82%.
Support & Resistance |
Price Range* |
3rd High |
|
2nd High |
|
Next High |
98.490000000 |
Current Price |
90.420000000 |
Next Low |
81.600000000 |
2nd Low |
78.840000000 |
3rd Low |
77.630000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows