LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 82.960000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 88.290000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency 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 | 95.000000000 |
| 2nd High | 90.180000000 |
| Next High | 88.290000000 |
| Current Price | 83.820000000 |
| Next Low | 82.960000000 |
| 2nd Low | 81.600000000 |
| 3rd Low | 78.840000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing