LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A descent down to the next support level at 97.360000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 108.140000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘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 chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.670000000 |
| 2nd High | 110.350000000 |
| Next High | 108.140000000 |
| Current Price | 105.110000000 |
| Next Low | 97.360000000 |
| 2nd Low | 96.830000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing