LTC/USDT – 1H – SELLThen a ‘Double bottom retreat down’ chart formation is detected. The chart picture shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to fall.
The pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support line at 83.28 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 86.76 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.55 |
| 2nd High | 87.25 |
| Next High | 86.76 |
| Current Price | 86.530000000 |
| Next Low | 83.28 |
| 2nd Low | 83.08 |
| 3rd Low | 82.26 |
86.76 – 87.25 – 85 – 83.28 – 83.08 – 82.26 — 61.18935232164 – 57.491576067374 — 82.993778211541 – 76.492070226205 – 88.007807734537 – 82.370467500747
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –