LTC/USDT – 4H – SELLThe combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A descent downwards to the next support level at 85.160000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 98.950000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. 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 | 105.070000000 |
| 2nd High | 102.940000000 |
| Next High | 98.950000000 |
| Current Price | 93.150000000 |
| Next Low | 85.160000000 |
| 2nd Low | 84.750000000 |
| 3rd Low | 83.550000000 |
92.290000000 – 86.050000000 – 87.390000000 – 85.160000000 – 84.750000000 – 83.550000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing –