LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support level at 116.930000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 125.010000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 138.670000000 |
| 2nd High | 135.900000000 |
| Next High | 125.010000000 |
| Current Price | 118.410000000 |
| 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