LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A descent down to the next support line at 89.000000000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 91.500000000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart shows ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.000000000 |
| 2nd High | 93.000000000 |
| Next High | 91.500000000 |
| Current Price | 88.280000000 |
| Next Low | 89.000000000 |
| 2nd Low | 87.080000000 |
| 3rd Low | 81.540000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing