LTC/USDT – 1H – SELLThe currency pair goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 68.000000000 will persist.
Caution: A possible change in the direction of the resistance level at 78.370000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative signal. 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 | |
| 2nd High | 82.780000000 |
| Next High | 78.370000000 |
| Current Price | 73.100000000 |
| Next Low | 68.000000000 |
| 2nd Low | 64.850000000 |
| 3rd Low | 64.450000000 |