LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 90.43 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 97.55 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.71 |
| 2nd High | 109.59 |
| Next High | 97.55 |
| Current Price | 95.360000000 |
| Next Low | 90.43 |
| 2nd Low | 85.95 |
| 3rd Low | 85.3 |
97.55 – 109.59 – 99.1 – 90.43 – 94.15 – 99.87 — 53.25488596321 – 50.359299704961 — 52.969492462863 – 40.425531914894 – 37.920269847026 – 42.939219223806
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –