LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support line at 115.610000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 124.030000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 135.900000000 |
| 2nd High | 125.340000000 |
| Next High | 124.030000000 |
| Current Price | 116.420000000 |
| Next Low | 115.610000000 |
| 2nd Low | 114.260000000 |
| 3rd Low | 101.230000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing