LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support line at 99.820000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 112.390000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 112.390000000 |
| Current Price | 100.850000000 |
| Next Low | 99.820000000 |
| 2nd Low | 98.200000000 |
| 3rd Low | 95.560000000 |
112.390000000 – 99.960000000 – 97.260000000 – 99.820000000 – 98.200000000 – 95.560000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing – Double bottom retreat down