LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 121.900000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 135.900000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.060000000 |
| 2nd High | 138.670000000 |
| Next High | 135.900000000 |
| Current Price | 124.180000000 |
| Next Low | 121.900000000 |
| 2nd Low | 121.420000000 |
| 3rd Low | 100.330000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing