LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish trend downwards to the next support at 111.640000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 117.380000000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 117.380000000 |
| Current Price | 113.140000000 |
| Next Low | 111.640000000 |
| 2nd Low | 104.610000000 |
| 3rd Low | 97.360000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing