LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 86.01 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 97.55 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘RSI fall below 30’ indicator signal is discovered. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.71 |
| 2nd High | 109.59 |
| Next High | 97.55 |
| Current Price | 84.620000000 |
| Next Low | 86.01 |
| 2nd Low | 85.95 |
| 3rd Low | 85.3 |
97.55 – 109.59 – 99.1 – 86.01 – 90.43 – 94.15 — 35.185974262455 – 28.184295273393 — 89.507989449131 – 71.366599088789 – 83.378262194202 – 82.803246644722
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double top chart pattern – –