LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at 97.360000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 117.380000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Last Engulfing Bottom:’ candle pattern is existing. The chart shows ‘Last Engulfing Bottom:’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.030000000 |
| 2nd High | 122.730000000 |
| Next High | 117.380000000 |
| Current Price | 100.600000000 |
| Next Low | 97.360000000 |
| 2nd Low | 96.830000000 |
| 3rd Low | 96.620000000 |
Download LTC/USDT Signal Image
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: