LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 106.920000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 110.670000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. 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 | 122.730000000 |
| 2nd High | 110.830000000 |
| Next High | 110.670000000 |
| Current Price | 109.070000000 |
| Next Low | 106.920000000 |
| 2nd Low | 103.960000000 |
| 3rd Low | 99.460000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing