LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A descending movement down to the next support level at 121.900000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 135.900000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.060000000 |
| 2nd High | 138.670000000 |
| Next High | 135.900000000 |
| Current Price | 123.150000000 |
| Next Low | 121.900000000 |
| 2nd Low | 93.660000000 |
| 3rd Low | 87.950000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing