LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support at 83.08 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 87.25 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
Also there is a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.55 |
| 2nd High | 89.04 |
| Next High | 87.25 |
| Current Price | 85.420000000 |
| Next Low | 83.08 |
| 2nd Low | 82.19 |
| 3rd Low | 80.82 |
87.25 – 85 – 84.17 – 83.08 – 82.19 – 82.5 — 57.516578694753 – 53.530658432716 — 56.614214894488 – 52.625384038452 – 52.096613295523 – 53.038263526761
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double bottom chart pattern – –