LTC/USDT – 4H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support at 96.830000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 124.030000000 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 147.060000000 |
| 2nd High | 125.340000000 |
| Next High | 124.030000000 |
| Current Price | 110.990000000 |
| Next Low | 96.830000000 |
| 2nd Low | 96.620000000 |
| 3rd Low | 87.950000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing