LTC/USDT – 1H – BUYThe combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 98.670000000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 101.800000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Engulfing’ chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.350000000 |
| 2nd High | 106.510000000 |
| Next High | 101.800000000 |
| Current Price | 100.780000000 |
| Next Low | 98.670000000 |
| 2nd Low | 97.540000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing