LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 80.01 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 89.04 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Last Engulfing Top’ candle chart pattern is discovered. The chart shows ‘Last Engulfing Top’. 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 chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.94 |
| 2nd High | 97.55 |
| Next High | 89.04 |
| Current Price | 83.360000000 |
| Next Low | 80.01 |
| 2nd Low | 79.68 |
| 3rd Low | 52.71 |
89.04 – 97.55 – 96.5 – 80.01 – 86.01 – 94.62 — 49.090524926198 – 46.197069713009 — 91.030090679712 – 97.098461078739 – 84.625950778068 – 90.245078464377
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – – –