LTC/USDT – 30M – BUYThe currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A bearish movement downwards to the next support line at 110.710000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 122.730000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Engulfing’ candle pattern is discovered. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 125.340000000 |
| 2nd High | 124.030000000 |
| Next High | 122.730000000 |
| Current Price | 115.720000000 |
| Next Low | 110.710000000 |
| 2nd Low | 104.610000000 |
| 3rd Low | 102.030000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing