LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 99.460000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 110.830000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. 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 | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 110.830000000 |
| Current Price | 108.430000000 |
| Next Low | 99.460000000 |
| 2nd Low | 97.540000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing