LTC/USDT – 4H – SELLThe combination Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
The bearish trend down to the next support at 69.46 is likely expected.
Caution: A possible change in the direction of resistance at 80.97 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. 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 | 86.77 |
| 2nd High | 82.42 |
| Next High | 80.97 |
| Current Price | 74.880000000 |
| Next Low | 69.46 |
| 2nd Low | 52.71 |
| 3rd Low |
80.97 – 82.42 – 80.58 – 69.46 – 75.26 – 79.91 — 51.698183564778 – 48.130031694052 — 96.691858369388 – 91.862559007869 – 95.964959829693 – 94.449218963883
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double bottom chart pattern – –