LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A descending movement downwards to the next support at 97.360000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 117.380000000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Last Engulfing Bottom:’ candlestick chart pattern is found. The candles form ‘Last Engulfing Bottom:’. 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 probability of ‘Last Engulfing Bottom:’ going 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 | 102.130000000 |
| 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: