LTC/USDT – 30M – BUYThe currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 97.360000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 103.870000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Engulfing’ candle chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114.900000000 |
| 2nd High | 105.030000000 |
| Next High | 103.870000000 |
| Current Price | 100.450000000 |
| Next Low | 97.360000000 |
| 2nd Low | 96.830000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing