LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 82.960000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 87.830000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency 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 | 87.830000000 |
| Current Price | 83.380000000 |
| Next Low | 82.960000000 |
| 2nd Low | 78.840000000 |
| 3rd Low | 77.630000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing