LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards
A descending movement down to the next support level at 116.930000000 is certain.
Caution: A possible change in the direction of the resistance level at 125.010000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 138.670000000 |
| 2nd High | 135.900000000 |
| Next High | 125.010000000 |
| Current Price | 122.650000000 |
| Next Low | 116.930000000 |
| 2nd Low | 101.230000000 |
| 3rd Low | 100.560000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing