LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 87.630000000 will continue.
Caution: A possible change in the direction of the resistance line at 95.310000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 90.92 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 95.310000000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 103.180000000 |
| 2nd High | 99.230000000 |
| Next High | 95.310000000 |
| Current Price | 90.120000000 |
| Next Low | 87.630000000 |
| 2nd Low | 87.080000000 |
| 3rd Low | 81.540000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing