LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 109.330000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 115.470000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Last Engulfing Top’ candle pattern is discovered. The candles form ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 122.290000000 |
| 2nd High | 116.380000000 |
| Next High | 115.470000000 |
| Current Price | 109.970000000 |
| Next Low | 109.330000000 |
| 2nd Low | 108.180000000 |
| 3rd Low | 106.580000000 |
115.470000000 – 116.380000000 – 115.430000000 – 109.330000000 – 108.180000000 – 106.580000000 — 32.783086223987 – 30.65142229852
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – –