LTC/USDT – 4H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A descent downwards to the next support at will persist.
Caution: A possible change in the direction of the resistance line at 80.97 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Moreover a ‘ ‘ indicator layout is found. The indicator shows ‘ ‘. which is often a bearish chart signal. The currency pair could go down.
Moreover a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 86.77 |
| 2nd High | 82.42 |
| Next High | 80.97 |
| Current Price | 69.540000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
80.97 – 82.42 – 80.58 – 66.98 – 65.9 – 65.58 —
70.000000000 – 70.230000000 —
51.224144660021 – 55.084773915246 —
– —
80.97000 – 1768392000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double bottom chart pattern – –