LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 98.990000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 102.570000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 102.570000000 |
| Current Price | 100.790000000 |
| Next Low | 98.990000000 |
| 2nd Low | 97.740000000 |
| 3rd Low | 94.720000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing