LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards
A bearish trend downwards to the next support at 131.760000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 138.670000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Engulfing’ candlestick 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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 147.060000000 |
| Next High | 138.670000000 |
| Current Price | 130.350000000 |
| Next Low | 131.760000000 |
| 2nd Low | 130.080000000 |
| 3rd Low | 130.000000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing