LTC/USDT – 4H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 91.200000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 105.070000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Last Engulfing Top’ candle chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 107.050000000 |
| Next High | 105.070000000 |
| Current Price | 101.580000000 |
| Next Low | 91.200000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
97.990000000 – 98.320000000 – 92.290000000 – 91.200000000 – 85.160000000 – 84.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Last Engulfing Top –