LTC/USDT – 4H – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 96.620000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 110.830000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Last Engulfing Bottom:’ candlestick chart pattern is detected. The chart forms ‘Last Engulfing Bottom:’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 125.340000000 |
| 2nd High | 124.030000000 |
| Next High | 110.830000000 |
| Current Price | 99.930000000 |
| Next Low | 96.620000000 |
| 2nd Low | 87.950000000 |
| 3rd Low | 81.540000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: