LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A bearish descent down to the next support level at 98.670000000 is considered certain.
Caution: A possible change in the direction of resistance at 101.800000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Last Engulfing Bottom:’ candlestick pattern is detected. The candles show ‘Last Engulfing Bottom:’. 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 likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.350000000 |
| 2nd High | 106.510000000 |
| Next High | 101.800000000 |
| Current Price | 100.160000000 |
| Next Low | 98.670000000 |
| 2nd Low | 97.540000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: