LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support line at 99.350000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 106.510000000 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 106.510000000 |
| Current Price | 99.760000000 |
| Next Low | 99.350000000 |
| 2nd Low | 97.540000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing