LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support at 103.960000000 is expected.
Caution: A possible change in the direction of the resistance level at 122.730000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 125.340000000 |
| 2nd High | 124.030000000 |
| Next High | 122.730000000 |
| Current Price | 109.250000000 |
| Next Low | 103.960000000 |
| 2nd Low | 99.460000000 |
| 3rd Low | 97.540000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing