Sell LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards

The bearish trend down to the next support level at 111.640000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 117.380000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. 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 124.030000000
2nd High 122.730000000
Next High 117.380000000
Current Price 112.790000000
Next Low 111.640000000
2nd Low 104.610000000
3rd Low 97.360000000

Download LTC/USDT Signal Image

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