LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 107.170000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 110.670000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 122.730000000 |
| 2nd High | 110.830000000 |
| Next High | 110.670000000 |
| Current Price | 108.630000000 |
| Next Low | 107.170000000 |
| 2nd Low | 103.960000000 |
| 3rd Low | 99.460000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing