LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support at 87.590000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 97.680000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Engulfing’ candle pattern is existing. The candles form ‘Bearish Engulfing’. which 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 ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 97.680000000 |
| Current Price | 91.810000000 |
| Next Low | 87.590000000 |
| 2nd Low | 86.710000000 |
| 3rd Low | 86.590000000 |
91.500000000 – 89.540000000 – 88.120000000 – 87.590000000 – 86.710000000 – 86.590000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing