LTC/USDT – 1H – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
The bearish trend down to the next support level at 118.360000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 131.980000000 |
| Next Low | 118.360000000 |
| 2nd Low | 118.250000000 |
| 3rd Low | 117.370000000 |
128.150000000 – 126.140000000 – 126.350000000 – 118.360000000 – 122.070000000 – 118.250000000 — 65.984319946299 – 62.743441894117
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Triple bottom chart pattern – –