LTC/USDT – 4H – SELLThe currency pair Litecoin/Tether (LTC/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 72.64 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 82.42 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. 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 | 87.8 |
| 2nd High | 86.77 |
| Next High | 82.42 |
| Current Price | 72.360000000 |
| Next Low | 72.64 |
| 2nd Low | 52.71 |
| 3rd Low |
82.42 – 80.58 – 79.49 – 75.26 – 79.91 – 76.08 — 40.696210999953 – 31.876884723521 — 39.314752896054 – 34.490520350379 – 44.202704184479 – 38.585512305838
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double top chart pattern – –