LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at 94.15 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 97.52 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.75 |
| 2nd High | 97.94 |
| Next High | 97.52 |
| Current Price | 91.360000000 |
| Next Low | 94.15 |
| 2nd Low | 93.73 |
| 3rd Low | 93.22 |
97.52 – 97.94 – 102.75 – 94.15 – 99.87 – 101.48 — 32.079091037367 – 29.511345363599 — 18.637321283832 – 24.900970827776 – 10.310057062753 – 17.833477385698
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –