LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support level at 77.74 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 81.78 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘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 chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.89 |
| 2nd High | 82.42 |
| Next High | 81.78 |
| Current Price | 76.860000000 |
| Next Low | 77.74 |
| 2nd Low | 76.08 |
| 3rd Low | 75.22 |
81.78 – 82.42 – 81.99 – 77.74 – 80.88 – 79.91 — 34.242788410563 – 32.121887935988 — 31.58106502221 – 42.776965243344 – 22.389622599029 – 31.023970075662
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –