LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A descent down to the next support line at 95.560000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 102.940000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The 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 | 105.960000000 |
| 2nd High | 105.070000000 |
| Next High | 102.940000000 |
| Current Price | 101.600000000 |
| Next Low | 95.560000000 |
| 2nd Low | 91.200000000 |
| 3rd Low | 90.750000000 |
97.990000000 – 98.320000000 – 88.280000000 – 95.560000000 – 91.200000000 – 93.870000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing – Double bottom retreat down