LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 67.75 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 68.98 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 69.6 |
| 2nd High | 69.2 |
| Next High | 68.98 |
| Current Price | 68.340000000 |
| Next Low | 67.75 |
| 2nd Low | 67.03 |
| 3rd Low | 66.98 |
68.98 – 68.87 – 69.2 – 67.75 – 68.35 – 67.03 —
68.120000000 – 68.490000000 —
44.614179470383 – 53.228753123084 —
– —
68.98000 – 1769266800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –