LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support at 130.080000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 147.060000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 147.060000000 |
| Current Price | 135.310000000 |
| Next Low | 130.080000000 |
| 2nd Low | 130.000000000 |
| 3rd Low | 121.900000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing