LTC/USDT – 4H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A descending movement down to the next support at 96.620000000 is likely expected.
Caution: A possible change in the direction of resistance at 110.830000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. 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 | 125.340000000 |
| 2nd High | 124.030000000 |
| Next High | 110.830000000 |
| Current Price | 98.830000000 |
| Next Low | 96.620000000 |
| 2nd Low | 87.950000000 |
| 3rd Low | 81.540000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing