LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A descending movement down to the next support at 89.530000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 93.650000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Additionally a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.940000000 |
| 2nd High | 98.950000000 |
| Next High | 93.650000000 |
| Current Price | 92.940000000 |
| Next Low | 89.530000000 |
| 2nd Low | 86.710000000 |
| 3rd Low | 86.590000000 |
93.650000000 – 88.460000000 – 89.310000000 – 89.530000000 – 86.710000000 – 86.590000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing