LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A descent downwards to the next support level at 85.800000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 88.290000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.000000000 |
| 2nd High | 90.180000000 |
| Next High | 88.290000000 |
| Current Price | 85.270000000 |
| Next Low | 85.800000000 |
| 2nd Low | 84.680000000 |
| 3rd Low | 81.600000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing