LTC/USDT – 30M – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 112.800000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 122.290000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Last Engulfing Bottom:’ chart pattern is existing. The candles show ‘Last Engulfing Bottom:’. 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 ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 122.290000000 |
| Current Price | 117.610000000 |
| Next Low | 112.800000000 |
| 2nd Low | 112.590000000 |
| 3rd Low | 99.660000000 |
122.290000000 – 119.860000000 – 117.120000000 – 112.800000000 – 112.590000000 – 112.730000000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern –