LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 113.620000000 is certain.
Caution: A possible change in the direction of the resistance level at 115.470000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Last Engulfing Top’ candle chart pattern is existing. The candles show ‘Last Engulfing Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 122.290000000 |
| 2nd High | 116.380000000 |
| Next High | 115.470000000 |
| Current Price | 109.260000000 |
| Next Low | 113.620000000 |
| 2nd Low | 113.050000000 |
| 3rd Low | 112.010000000 |
115.470000000 – 115.470000000 – 113.900000000 – 113.620000000 – 113.050000000 – 112.010000000 — 41.23980884824 – 35.840433981004
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – –