LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 67.72 will continue.
Caution: A possible change in the direction of the resistance zone at 69.71 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Furthermore a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71.73 |
| 2nd High | 70.06 |
| Next High | 69.71 |
| Current Price | 69.070000000 |
| Next Low | 67.72 |
| 2nd Low | 67.06 |
| 3rd Low | 66.03 |
69.05 – 69.71 – 69.39 – 67.72 – 67.06 – 68 —
68.790000000 – 69.430000000 —
57.441774719161 – 59.837952795216 —
– —
69.05000 – 1769074200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –