LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support level at 111.640000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 117.380000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 117.380000000 |
| Current Price | 112.790000000 |
| Next Low | 111.640000000 |
| 2nd Low | 104.610000000 |
| 3rd Low | 97.360000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing