LTC/USDT – 30M – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 96.830000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 103.050000000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Last Engulfing Bottom:’ candlestick chart pattern is found. The candles form ‘Last Engulfing Bottom:’. this is a bearish chart scenario. 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 | 103.050000000 |
| Current Price | 97.970000000 |
| Next Low | 96.830000000 |
| 2nd Low | 96.620000000 |
| 3rd Low | 94.720000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: