LTC/USDT – 30M – SELLAnd also a ‘Head and Shoulder chart pattern’ chart pattern is discovered. The chart picture shows ‘Head and Shoulder chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support at 112.170000000 will continue.
Caution: A possible change in the direction of resistance at 114.590000000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bullish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 114.590000000 |
| Current Price | 112.310000000 |
| Next Low | 112.170000000 |
| 2nd Low | 106.700000000 |
| 3rd Low | 103.160000000 |
114.590000000 – 116.270000000 – 114.790000000 – 112.170000000 – 112.770000000 – 106.700000000 — 36.280763819829 – 38.351175288979
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bullish Engulfing – Head and Shoulder chart pattern – –