LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support level at 112.510000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 122.130000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Last Engulfing Top’ candle pattern is existing. The candles show ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 133.990000000 |
| 2nd High | 123.660000000 |
| Next High | 122.130000000 |
| Current Price | 120.720000000 |
| Next Low | 112.510000000 |
| 2nd Low | 112.060000000 |
| 3rd Low | 103.160000000 |
122.130000000 – 123.660000000 – 117.300000000 – 120.400000000 – 112.510000000 – 113.450000000 — 69.265739513193 – 51.141453593862
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Double bottom retreat down – –