LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A descent downwards to the next support level at 116.930000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 125.010000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 138.670000000 |
| 2nd High | 135.900000000 |
| Next High | 125.010000000 |
| Current Price | 119.900000000 |
| Next Low | 116.930000000 |
| 2nd Low | 101.230000000 |
| 3rd Low | 100.560000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing